There is nothing that will benefit your portfolio more than avoiding losses when the market is acting poorly. If you can keep from incurring losses in your portfolio as the market falls, you avoid the very unproductive task of recouping losses once the market is more favorable.

James “Reverend Shark” DePorre

P.S.

NO ONE'S RETIREMENT MONEY NEEDS TO BE OR SHOULD HAVE BEEN IN THE STOCK OR BOND MARKET SINCE THE FIRST OF THE YEAR WITH THE SOLE EXCEPTION OF TREASURY BONDS. THE ONLY TRADING SUCCESS I'VE HAD WITH MY TRADING ACCOUNT MONEY RECENTLY HAS BEEN WITH CRAZY FAST INSANELY AGGRESSIVE DAY TRADING WITH A HOLDING PERIOD OF MINUTES AND BIG TIME MARGIN. THIS KIND OF TRADING SCARES ME TO DEATH, AND I DON'T KNOW THE MEANING OF THE WORD FEAR.

OF COURSE THERE'S A LOT OF OTHER WORDS I'M NOT REAL CLEAR ON....

Do YOU feel lucky? DO YOU????

I'll let you know when I think the risk/reward ratio is sane enough to put MY retirement money out there. It's way too insane for me right now...Cash and government securities are the only thing I have a use for. But we WILL have to discuss insurance companies later this week....

The table below is the 401a plan fund's performance over the last three weeks and Year To Date

CLICKIT!!!!!





The Truth Hurts
CLICKIT!!!!

I'm deadly serious about them losing a page of the instructions and not telling you. Think about what you were told about how to manage your 401a...

HOW COULD YOU SAVE FOR YEARS AND NOT LOOK AT THE MONEY FOR A YEAR OR LONGER AT A TIME? HOW COULD YOU TRUST YOUR MONEY TO FLY YOU TO THE FUTURE ON AUTO PILOT? HOW COULD YOU BE SEDUCED BY PROMISES OF HOW EASY IT WAS ALL GOING TO BE?

Because you trusted what the "experts" said.

The alternatives are that the experts weren't smart enough to understand how the game is played and made a well intentioned but unbelievably damaging recommendation to you about how to manage your 401a plan. Or, that they had some other thing going that was a higher priority than your well being and financial future. Or that they really didn't understand what happened 2000 to 2003 with McMorgan and they did it to you again. Or did what happened, happen for a purpose?

This is a godawful set of choices to choose from, isn't it?

To them it was "OPM" "Other Peoples Money."

This needs to be fixed.....and only each individual can do the fixing by taking care of his own money.

A few members of the local went to cash before the crash happened. That was no accident. That was brothers and sisters taking their earnings, savings, and investments seriously.

It's not too late for many of us.

10/20
HOLY SHIT, CAN THIS BE RIGHT?

10/22
CLICKIT!!!!

You prolly thought your third quarter report was as bad as it gets. The chart above shows you what has happened during the last three weeks since the quarter closed. God forbid and I hope and pray that this doesn't shows up on your fourth quarter report. Hopefully the market turns up and repairs a significant part of the damage. But hope is not a strategy, you can't depend on it, and it ain't a part of what I do....

Early in 2005 I showed a small group of brothers and sisters how I intended to manage my 401a. Since then, on occasion I've shown other brothers and sisters the same things. I've had an open offer to do more of the same and I've run my 401a with an open hand on my website and on my blog since 2006. I feel good about the brothers and sisters who've taken advantage of what I've made available. And I feel bad about the ones who haven't. Pisses me off. There's not enough of the first and too many of the second.

Are You Mad As Hell And Are You Not Going To Take This It Anymore?

http://www.youtube.com/watch?v=WINDtlPXmmE

Talk to me the next time you see me at the hall.