Charts and table Zup.
All is not what it seems. I bailed out of the 401a stock funds bit by bit this week according to the rules as the markets cratered. By the selling panic of Thursday AM, I was almost all the way out. By the time the FED blinked and the buying panic of Friday started, I had orders entered to get back in to about half my usual positions in the 401a. The table on my website is what I held on Friday. What will show on Monday is what was bought on Friday after the market closed.
What you see here is tamed by the rules and structures of the 401a. Friday morning I was way levered to the indices in my trading account and buying mortgage providers hand over fist this morning 'cuz it was the right thing to do. It helps to have roadraced motorcycles. You flick it in to the corner knowing that you can/ have to catch it when the tires touch the ground and hook up because that is the only way you can get to 150 MPH before you stand it on the front wheel going into the 30 MPH corner with the concrete wall.... kinda like buying a mortgage outfit on margin this morning.
Tuesday Aug 21st
What happened?
http://www.time.com/time/magazine/artic ... -3,00.html
What will happen...
Some bad things as the real estate/debt/mortgage thing works itself out. {Don't even THINK it is only about subprime...} There's going to be some serious pain in different areas/sectors. But even in the worst part of the 80's with 12% unemployment and stagflation and 165 car loans from the credit union, life went on
and things eventually got better... So here's what I'm gonna do...
Here's where I am today and I'm thinking I may buy more stocks for the 401a tomorrow....CLICKONNIT...
More To Come, here and on my website in Reforming A Pension Plan From The Outside and COFGBLOG ESSAYS .... Did you expect anything less?
All is not what it seems. I bailed out of the 401a stock funds bit by bit this week according to the rules as the markets cratered. By the selling panic of Thursday AM, I was almost all the way out. By the time the FED blinked and the buying panic of Friday started, I had orders entered to get back in to about half my usual positions in the 401a. The table on my website is what I held on Friday. What will show on Monday is what was bought on Friday after the market closed.
What you see here is tamed by the rules and structures of the 401a. Friday morning I was way levered to the indices in my trading account and buying mortgage providers hand over fist this morning 'cuz it was the right thing to do. It helps to have roadraced motorcycles. You flick it in to the corner knowing that you can/ have to catch it when the tires touch the ground and hook up because that is the only way you can get to 150 MPH before you stand it on the front wheel going into the 30 MPH corner with the concrete wall.... kinda like buying a mortgage outfit on margin this morning.
Tuesday Aug 21st
What happened?
http://www.time.com/time/magazine/artic ... -3,00.html
What will happen...
Some bad things as the real estate/debt/mortgage thing works itself out. {Don't even THINK it is only about subprime...} There's going to be some serious pain in different areas/sectors. But even in the worst part of the 80's with 12% unemployment and stagflation and 165 car loans from the credit union, life went on
and things eventually got better... So here's what I'm gonna do...
Here's where I am today and I'm thinking I may buy more stocks for the 401a tomorrow....CLICKONNIT...
;)
More To Come, here and on my website in Reforming A Pension Plan From The Outside and COFGBLOG ESSAYS .... Did you expect anything less?
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