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Jes' Yer Friendly Neighborhood Ol' Broked Down Retahr'd Union Pipefitter...... and his 401 Plan. Post France ISIS Attack
Sunday, November 15, 2015, 05:45 PM
The most valuable assets in life are those that hold no monetary value. Health, friends and family…
-- Joe Terranova
Good Post ISIL/Paris Monday Morning Inna Markets Material From Dan.
http://stockmarketmentor.com/2015/11/th ... ovember-1/
Still 99% long stocks.....
I was going to start trading in 2001 and was sitting in cash. I witnessed the markets reaction to 9/11 starting with the disaster in downtown Manhattan and the closing of the American financial markets. Once they opened, a week later, it was Down Down Down every day for a week until the markets were totally washed out. Then they started to climb back. Coupla three four years later my wife and I were leaving for a ten day cruise one morning and I was busy with prep. Finally, totally ready, I sat down to wait for the ride and I opened up the computer mid East Coast afternoon. The horror of the Madrid Rail bombing was all over the monitor; I'd missed the first 4-5 hours of the market. I opened the trading account only to discover my account was up 10%.
???
But, that's how the world works; that was then and this is now. And I don't know what this now today is now like now. But I will. When Mondays now is over, I'll have it figured out .
I'll know what I'm going to do with the 401 Monday at noon.
Stay tooned...
What makes it hard to invest; being comfortable with your personal narrative...regardless of the real reality.
http://fivethirtyeight.com/features/the ... elieve-it/
The local story can be negative; I live in the center of yet another $Bay$ $Area$ $boom$. But for an old retired guy, the city I loved as a kid is toast. It's gone. Friends and relatives who didn't get serious early and stay serious about retirement are bleeding from the eyeballs. Every negative in the above story is somewhat true in SF for people of my generation. And the future is less about the many and more about the few. I got kids and grandkids and I'm concerned. But I worked hard to become one of the few. And my 401 was a major part of that. So I'm 99% long today and will probably be the same tomorrow. The long term move is pretty much always for the better. Just because there are a lot of reasons to become a bitter, resentful, fearful, querulous old man does not make it right, fun, productive, or in any way enjoyable to me. Fuck it. Get over it and get it on. So I'm 99% long and staying that way this evening. That will change someday.. But the western world was at war with ISIL last Monday. This Monday is not different. I'm always at least a little cautious. Sometimes REAL cautious. Never fearful. Not as long as aggressive pays off.
Tuesday...
http://thereformedbroker.com/2015/11/17 ... o-be-good/
Wednesday....
https://vimeo.com/146175584
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Jes' Yer Friendly Neighborhood Ol' Broked Down Retahr'd Union Pipefitter...... and his 401 Plan...Special Warriors NBA Finals Edition II.
Saturday, June 13, 2015, 02:49 PM
The most valuable assets in life are those that hold no monetary value. Health, friends and family…
-- Joe Terranova
Yer Funeral, My Trial....
https://www.youtube.com/watch?v=zCuCtU0tGi4
Ah Dearly Love The 18 Month Election Year...
http://www.businessinsider.com/marco-ru ... kes-2015-6
You'll Note; Kinda Bond Free... How It's Workin' Shown Below....
Cuz Ahm A Union Man From Way Back; Teamster, AFL-Cio, United Association. I've Provided For my Family, I Have A Comfortable Retirement, A Health Plan, And Some Neat Toys...
Click Here To Get The Details....
Jes' Yer Friendly Neighborhood Ol' Broked Down Retahr'd Union Pipefitter...... and his 401 Plan
Saturday, May 23, 2015, 07:30 PM
People will go to extraordinary lengths to rationalize market action and make it fit their narrative. This year wasn’t 1929, or 1987, or even 2007. It was in fact, 2014.
-- Jon Boorman
IF YOUR A FIRST TIMER TO THE BLOG, CLICK HERE...
http://joefacer.com/pblog/static.php?pa ... 729-141334
I'm all in in stocks because of what I read, what I've learned, and most especially, because I'm prepared to harvest gains and minimize losses when the time comes. YMMV.
Jes' Yer Friendly Neighborhood Ol' Broked Down Retahr'd Union Pipefitter...... and his 401 Plan
Monday, May 4, 2015, 12:43 PM
Big data and other wonders of the high tech world didn’t make us any smarter — at least when it comes to markets. The 50% drop in oil prices has humbled us all.
-- Nancy Miller
Kinda takes me back to the 60's. A buddy of mine was at SF State sitting on the lawn between classes while demonstrations were occurring on the other side of the area. The cops scattered the demonstrators and one cop chasing a handful of demonstrators, ran past my buddy, still sitting on the lawn, and at full speed, took a one handed swing at a short haired sitting spectator. Don slammed back against the ground and the baton whistled past his face. Coulda splattered his brains. I don't claim to be an oppressed minority, but I have at least some appreciation of the below... I do get a kick outta the other attendees at the financial conferences I attend talking about what the "old hippie" is doing there. There was a time (still is actually, I flew back to Chicago and bought a truck and drove it back. Got a lot of hard eye here and there onna way) that my appearance symbolized a threat to God and Country. http://www.theatlantic.com/politics/arc ... re/391158/
It's a complicated world, and I'm no longer a pipefitter, I'm a retiree investor hell bent on making my life savings work for me and my family. But I've never figured that made me one of the guys who will get bailed out the next time Wall Street craters itself. Most of the time, I'm on Betty Dub's side...
http://www.bloomberg.com/news/articles/ ... et-tremble
Wednesss day...
Stockmarket stuff.....
https://marketchess.com/2015/05/06/stock-market-recap-05-06-15-video-1
Thursday...
http://www.bloombergview.com/articles/2 ... e-autobahn
Jes' Annuder Ol' Broked Down Retahrd Union Pipefitter And His 401 Defined Contribution Plan.... Easter Special
Thursday, April 2, 2015, 03:33 PM
Unsustainable things can last years, even decades, longer than people think.
-- Morgan Housel
IF YOUR A FIRST TIMER TO THE BLOG, CLICK HERE...
http://joefacer.com/pblog/static.php?pa ... 729-141334
http://www.theatlantic.com/internationa ... ts/388883/
Here's yer pichur, here's yer 1000 words...
http://forward.com/articles/217842/how- ... ddle-east/
One of my brothers is gay and I long since came to terms with it (30-40 years ago). Hatred and discrimination don't belong to be at Thanksgiving or Christmas.... or the other 363 days of the year either....
http://www.cbssports.com/collegebasketb ... to-indiana
Interesting demonstration in terms of the video participants on the link. Think tide of history and Penn's point on history moving on...
http://www.cnn.com/2015/04/02/opinions/ ... index.html
How the fundz inna 401 are doin'.....
How my account is doin'.....
Big Cap US stocks.... Which is to say international and dollar exposure...
Smaller Cap Stocks.... Think domestic markets, cheap energy, earnings in dollars....
Fundz inna 401 referenced to S&P 500. Note the AM Fundz Admiral button and red zero line...
Big caps look toasted. Expect me to rebalance fundz over the next week...
Monday....
In the long run, we're ALL dead.
http://peakoilbarrel.com/the-competitiv ... principle/
So as a long hair liberal graduate of UC Berserkley, there are a lot of lefties who make my brain hurt to listen to them. But they are trying to go to where we can't go. At least not now. But what disturbs me is the righties who want to go back to where they imagine we used to be without realizing that we are not there any longer because it became untenable. Fires don't burn backwards and cement doesn't turn back into water and dry powder and then climb back inna bag no matter how much you may want it to. Neither do you speed up/reverse history for convenience...
Kinda peripheral 401 stuff. Your fund advisor's first obligation is to his wife and kids. That obligates him to earn. His obligation to you is to do well for you/not screw you up so badly that you no longer produce income. It's OK not to come first. It's not OK to come last...
http://thereformedbroker.com/2015/04/06 ... lesperson/
Tues...
Gotta have a crap filter if you run your 401...
http://www.bloombergview.com/articles/2 ... c-analysis
Wed....
it's a SERIOUSLY convoluted world...
http://www.businessinsider.com/heres-wh ... ran-2015-4
Thursday....
Gotta recognize the new reality, bummer or not...
http://www.bloomberg.com/news/articles/ ... a-s-future
http://www.pragcap.com/why-rand-pauls-b ... cessionary
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