Go Back   Two Wheel Fix > General > News Desk

Reply
 
Thread Tools Display Modes
Old 05-20-2010, 03:07 PM   #21
Homeslice
Elitist
 
Homeslice's Avatar
 
Join Date: Nov 2008
Location: SF Bay Area
Moto: Gix 750
Posts: 11,351
Default

Quote:
Originally Posted by shmike View Post
It's actually 6.2% as of right now.
6.2% down from 2 weeks ago or whatever? I thought the market was like 10,300 or 10,400 then. Oh well, whatever.......my 401k's fund choices are shit, so I've been doing a little market timing to try to improve my return
Homeslice is offline   Reply With Quote
Old 05-20-2010, 03:33 PM   #22
shmike
Follower
 
shmike's Avatar
 
Join Date: Nov 2008
Posts: 5,549
Default

Quote:
Originally Posted by Homeslice View Post
6.2% down from 2 weeks ago or whatever? I thought the market was like 10,300 or 10,400 then. Oh well, whatever.......my 401k's fund choices are shit, so I've been doing a little market timing to try to improve my return
Yep.

When this thread was started the market opened at 10,862.22

If a 6.2% loss has improved your return, your choices really are shit.
__________________
Racing For Smiles
shmike is offline   Reply With Quote
Old 05-20-2010, 03:44 PM   #23
goof2
AMA Supersport
 
goof2's Avatar
 
Join Date: Feb 2009
Posts: 4,756
Default

Quote:
Originally Posted by Homeslice View Post
6.2% down from 2 weeks ago or whatever? I thought the market was like 10,300 or 10,400 then. Oh well, whatever.......my 401k's fund choices are shit, so I've been doing a little market timing to try to improve my return
It seems like your investments are long term so the day to day machinations don't really matter. The Dow is still up around 20% for the last 12 months and it is more like 30%+ when comparing to the 2 year low. I still think tomorrow will be bad. If memory serves the Friday after a nervous Thursday can be a bloodbath. It is all educated guessing though, its entirely possible I'm wrong and the Dow will be up 500 tomorrow.
goof2 is offline   Reply With Quote
Old 05-20-2010, 03:56 PM   #24
Homeslice
Elitist
 
Homeslice's Avatar
 
Join Date: Nov 2008
Location: SF Bay Area
Moto: Gix 750
Posts: 11,351
Default

Quote:
Originally Posted by shmike View Post
Yep.

When this thread was started the market opened at 10,862.22

If a 6.2% loss has improved your return, your choices really are shit.
You mean compared to the 82-83% that's supposed to be in stocks if I was using my "target retirement date fund", versus the only ~70% I've got in stocks right now? Yeah, I'm ahead. That particular fund is down more YTD than I am.
Homeslice is offline   Reply With Quote
Old 05-20-2010, 04:00 PM   #25
Homeslice
Elitist
 
Homeslice's Avatar
 
Join Date: Nov 2008
Location: SF Bay Area
Moto: Gix 750
Posts: 11,351
Default

Quote:
Originally Posted by goof2 View Post
It seems like your investments are long term so the day to day machinations don't really matter. The Dow is still up around 20% for the last 12 months and it is more like 30%+ when comparing to the 2 year low. I still think tomorrow will be bad. If memory serves the Friday after a nervous Thursday can be a bloodbath. It is all educated guessing though, its entirely possible I'm wrong and the Dow will be up 500 tomorrow.
Yep, just another opportunity for me to dump a little more in. Maybe I'll bump up my stock allocation from 70% to 75%. Remember, according to my "target retirement date" I should have 82-83% in stocks right now. Except several months ago I decided that stocks were priced too high, not to mention that particular "target date" fund doesn't have a stellar record anyway, so I took it out of there and just split it up between the other stock and bond fund choices that were available to me.

Last edited by Homeslice; 05-20-2010 at 04:03 PM..
Homeslice is offline   Reply With Quote
Old 05-20-2010, 04:09 PM   #26
shmike
Follower
 
shmike's Avatar
 
Join Date: Nov 2008
Posts: 5,549
Default

Quote:
Originally Posted by Homeslice View Post
Except several months ago I decided that stocks were priced too high, not to mention that particular "target date" fund doesn't have a stellar record anyway, so I took it out of there and just split it up between the other stock and bond fund choices that were available to me.
Good call.

A solid asset allocation can often do better over time than the one-stop-shop age-based / target date models.

I was just busting your chops on your market timing prowess btw.
__________________
Racing For Smiles
shmike is offline   Reply With Quote
Old 05-20-2010, 04:17 PM   #27
Homeslice
Elitist
 
Homeslice's Avatar
 
Join Date: Nov 2008
Location: SF Bay Area
Moto: Gix 750
Posts: 11,351
Default

I know my "market timing" BS is just that, BS.......... based simply on reading articles like any shmuck could do.
Homeslice is offline   Reply With Quote
Old 06-04-2010, 01:48 PM   #28
Homeslice
Elitist
 
Homeslice's Avatar
 
Join Date: Nov 2008
Location: SF Bay Area
Moto: Gix 750
Posts: 11,351
Default

sticking some more in today.....lol
Homeslice is offline   Reply With Quote
Old 06-04-2010, 02:07 PM   #29
goof2
AMA Supersport
 
goof2's Avatar
 
Join Date: Feb 2009
Posts: 4,756
Default

If it breaks through 10,000 for very long I think there may be a race for the bottom the last hour or so of trading.
goof2 is offline   Reply With Quote
Old 06-04-2010, 02:33 PM   #30
Homeslice
Elitist
 
Homeslice's Avatar
 
Join Date: Nov 2008
Location: SF Bay Area
Moto: Gix 750
Posts: 11,351
Default

Quote:
Originally Posted by goof2 View Post
If it breaks through 10,000 for very long I think there may be a race for the bottom the last hour or so of trading.
I'd like to know how many Fridays are down days.....I'd be willing to bet the majority. Traders get afraid that there's going to be some shitty news over the weekend.
Homeslice is offline   Reply With Quote
Reply

Bookmarks


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 04:22 PM.

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.