phil5185
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Post by phil5185 on Dec 18, 2014 11:34:37 GMT -5
How about a couple of July2015 Corn futures contracts (10,000 bu) @ $4.252 / bu? That might spice things up for you?
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GRG a/k/a goldenrulegirl
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"How you win matters." Ender, Ender's Game
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Post by GRG a/k/a goldenrulegirl on Dec 18, 2014 11:54:47 GMT -5
Lizard Queen: I'll join you in the Tin Hat club. I suspect the drop in oil prices IS to put the squeeze on Isis. Not sure if it will be successful or if it will last very long. But, barring a secret sudden glut in oil supplies, that would seem to be the only plausible explanation. I just hope oil prices don't hit atmospheric levels afterwards either out of solidarity with Isis or retaliation.
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ArchietheDragon
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Post by ArchietheDragon on Dec 18, 2014 11:57:15 GMT -5
Lizard Queen: I'll join you in the Tin Hat club. I suspect the drop in oil prices IS to put the squeeze on Isis. Not sure if it will be successful or if it will last very long. But, barring a secret sudden glut in oil supplies, that would seem to be the only plausible explanation. I sure hope so, because that would mean that the Middle East was really serious about getting rid of them.
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GRG a/k/a goldenrulegirl
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Post by GRG a/k/a goldenrulegirl on Dec 18, 2014 12:06:21 GMT -5
Lizard Queen: I'll join you in the Tin Hat club. I suspect the drop in oil prices IS to put the squeeze on Isis. Not sure if it will be successful or if it will last very long. But, barring a secret sudden glut in oil supplies, that would seem to be the only plausible explanation. I sure hope so, because that would mean that the Middle East was really serious about getting rid of them. I'm nothing if an idealist. I'd like to think Isis is both a faith-based and a public relations nightmare for true Muslims.
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resolution
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Post by resolution on Dec 18, 2014 12:31:46 GMT -5
They would be looking for a new truck and would know you were sitting on a pile of cash money when the new truck didn't materialize.
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movingforward
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Post by movingforward on Dec 18, 2014 13:43:57 GMT -5
Just want to be safe rather then sorry.
But no its not safe, people in small towns talk and even if they are not supposed to you know they do. So if I took much money out they will know it. I can say buying a truck or something, they would easily believe that. Oh, my goodness... this is why I can't live in a small town. I would not be able to stand people "all up in my business." I seriously love the fact that I can run to the grocery store in my sweatpants and not have to worry about seeing anyone that knows me - LOL
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midjd
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Post by midjd on Dec 18, 2014 13:49:19 GMT -5
Pat, if you're worried about that (and I grew up in a small town just an hour or so away, so I know how it is) I'd open up an account at Chase or somewhere and do an auto-transfer, then withdraw the money from your Chase account at a bank in another city. With the drug issues and poverty in your area, I think you'd really be putting yourself at risk by sitting on a large amount of money, especially if people know it's just you and DD around.
They might still talk about your huge transfer to another bank, but at least they don't know that you have the cash on hand.
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Deleted
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Post by Deleted on Dec 18, 2014 14:05:04 GMT -5
What good does a big stash of cash do? If the economy collapses to the point that money in the bank is worthless and FDIC can't cover it, then the paper stuff in the mattress isn't worth anything either.
To me, piles of cash seems more risky than the stock market. You could lose everything in a fire or theft.
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movingforward
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Post by movingforward on Dec 18, 2014 15:18:35 GMT -5
The market is up over 300 points (not that it couldn't drop 300 tomorrow) - just sayin'
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HoneyBBQ
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Post by HoneyBBQ on Dec 18, 2014 15:22:42 GMT -5
Just want to be safe rather then sorry.
But no its not safe, people in small towns talk and even if they are not supposed to you know they do. So if I took much money out they will know it. I can say buying a truck or something, they would easily believe that. Are you kidding? When your house burns down or gets robbed you are going to be very sorry!
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movingforward
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Post by movingforward on Dec 18, 2014 16:06:30 GMT -5
I found out a few months ago that my aunt has 70K in cash stashed all over her house. She lives in an isolated area with very few jobs and meth problems. I personally think she is nuts keeping all that cash in the house. She has it located in different places (e.g. 10K in the freezer, 20K is hidden under a loose floorboard, and the rest in a safe). Don't ask me why it is not all in the safe . In addition, they sit around with their doors unlocked all the time. Once when I was there her husband's brother walked in unannounced at 10:30PM and went to the fridge first thing. Didn't say anything, just helped himself to a piece of chicken and then sat down and started talking. I guess I am just a city person because the whole town just creeps me out. It reminds me of two things: (1) a setting for a 48hrs mystery show where the first thing they always say is "in the sleepy little town of X" and then proceed to tell you about a brutal murder that happened and (2) one of those horror movies where a car breaks down in the middle of nowhere and there is an ax murderer running around. Yes, I shared too much, got OT and don't mean to offend anyone who lives in a small town and/or likes it - just personally not my thing (in case you haven't figure that out - LOL).
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Bonny
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Post by Bonny on Dec 18, 2014 16:21:15 GMT -5
Holy crap the DOW closed up over 400 points today maybe we will see it cross over 18,000 this year.
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Bonny
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Post by Bonny on Dec 18, 2014 16:36:14 GMT -5
Maybe Pat should let us know about the spidey feelings more often?
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Bob Ross
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Post by Bob Ross on Dec 18, 2014 16:49:34 GMT -5
Here's how this year has worked so far:
1. The markets hit an all time high. 2. The media reports that the prime minister of Mongolia finds a growth on his sack, people freak out and the DOW drops 1000 points. 3. The Fed puts out a report reassuring everyone that they like Frosted Flakes, and the market recoups it's losses and hits a new all time high. 4. Rinse and repeat.
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movingforward
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Post by movingforward on Dec 18, 2014 16:51:26 GMT -5
Here's how this year has worked so far: 1. The markets hit an all time high. 2. The media reports that the prime minister of Mongolia finds a growth on his sack, people freak out and the DOW drops 1000 points. 3. The Fed puts out a report reassuring everyone that they like Frosted Flakes, and the market recoups it's losses and hits a new all time high. 4. Rinse and repeat.
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resolution
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Post by resolution on Dec 18, 2014 17:09:37 GMT -5
Well now I'm kind of bummed that I got my December contributions in at the low point, but I just got some Christmas money that I want to invest and its already back up.
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ken a.k.a OMK
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Post by ken a.k.a OMK on Dec 18, 2014 17:18:25 GMT -5
Investment timing strategy....buy high, sell low. I leave things alone and must have made money today. I retired 4 years ago when the DOW was about 8000? Doubled my investments in 4 years.
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Bonny
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Post by Bonny on Dec 18, 2014 17:31:35 GMT -5
Investment timing strategy....buy high, sell low. I leave things alone and must have made money today. I retired 4 years ago when the DOW was about 8000? Doubled my investments in 4 years. Yup. We're up $14k in the taxable acct. Sure beats working for a living.
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movingforward
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Post by movingforward on Dec 18, 2014 17:35:49 GMT -5
My father is still convinced he saved money by getting out of the market back in 2008 . Granted, he actually timed it right and got out right before the crash. He was about 2 yrs from retirement then and I may have done the same thing. The thing that drives me crazy is that despite the market being at an all time high he continues to argue that had he left it in the market he would still not be back to even .
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ken a.k.a OMK
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Post by ken a.k.a OMK on Dec 18, 2014 17:48:41 GMT -5
I may have lost 30% in the crash in 2008, but we were putting in about $40k a year buying cheap and I thought we'd recover quickly. The death of 2 of my fraternity brothers made my wife ask when we could retire. I said anytime. After meeting with a Fidelity advisor who verified our position, we did retire in 2010 with 900k and no debt. House paid off. We haven't needed to touch that money and now it's $1.9M. I think we are inflation proof.
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Bonny
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Post by Bonny on Dec 18, 2014 17:54:05 GMT -5
My father is still convinced he saved money by getting out of the market back in 2008 . Granted, he actually timed it right and got out right before the crash. He was about 2 yrs from retirement then and I may have done the same thing. The thing that drives me crazy is that despite the market being at an all time high he continues to argue that had he left it in the market he would still not be back to even . We essentially rode it out. DH retired in July of 2012 so it was quite the roller coaster ride. We did have to realign in 2009 and put a good bit of money in bonds. But the stock side is up over 30% since June 2008. Overall net worh is up 33%.
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HoneyBBQ
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Post by HoneyBBQ on Dec 18, 2014 18:20:50 GMT -5
I may have lost 30% in the crash in 2008, but we were putting in about $40k a year buying cheap and I thought we'd recover quickly. The death of 2 of my fraternity brothers made my wife ask when we could retire. I said anytime. After meeting with a Fidelity advisor who verified our position, we did retire in 2010 with 900k and no debt. House paid off. We haven't needed to touch that money and now it's $1.9M. I think we are inflation proof. You doubled your money in 4 years?? First, how? Second, impressive!
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Lizard Queen
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Post by Lizard Queen on Dec 18, 2014 18:23:59 GMT -5
Here is part of a post that I just put up in the LONG TERM INVESTOR thread on the IBB board. Killer day. Very curious what tomorrow will be like as well as the next couple of holiday weeks to the end of the year. Here is how the DOW closed from the high on December 5, 2014 through the drop and back up to the close today. December 5 17,958. December 8 17,852. December 9 17,801. December 10 17,533. December 11 17,596. December 12 17,280. December 15 17,180. December 16 17,068. (short term bottom) December 17 17,356. December 18 17,778. I've only been paying attention for a few years, but it seems to dip mid-December and come back up by the end of the year. I figure it's due to people getting their MRD's done before Christmas.
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CCL
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Post by CCL on Dec 18, 2014 18:54:04 GMT -5
Investment timing strategy....buy high, sell low. I leave things alone and must have made money today. I retired 4 years ago when the DOW was about 8000? Doubled my investments in 4 years. Yup. We're up $14k in the taxable acct. Sure beats working for a living. Up $14k in 4 years? That doesn't sound like a whole lot to me. Maybe I'm missing something?
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Bonny
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Post by Bonny on Dec 18, 2014 19:03:35 GMT -5
Yup. We're up $14k in the taxable acct. Sure beats working for a living. Up $14k in 4 years? That doesn't sound like a whole lot to me. Maybe I'm missing something? That was just today.
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ken a.k.a OMK
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Post by ken a.k.a OMK on Dec 18, 2014 19:11:38 GMT -5
I may have lost 30% in the crash in 2008, but we were putting in about $40k a year buying cheap and I thought we'd recover quickly. The death of 2 of my fraternity brothers made my wife ask when we could retire. I said anytime. After meeting with a Fidelity advisor who verified our position, we did retire in 2010 with 900k and no debt. House paid off. We haven't needed to touch that money and now it's $1.9M. I think we are inflation proof. Since you haven't touched those $$, what do you do for income? How old are you? I'm 67. Retired 4 years. Since then we are living on my SS, military reserve pension, company pension, bankrupt company pension via PBGC, wife's SS and company pension.
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Bonny
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Post by Bonny on Dec 18, 2014 19:12:03 GMT -5
That was just today. Lol. I had to work this week and it drains my brain. Work sucks. Much more fun to watch the market move in 300+ point days.
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ken a.k.a OMK
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Post by ken a.k.a OMK on Dec 18, 2014 19:25:05 GMT -5
I may have lost 30% in the crash in 2008, but we were putting in about $40k a year buying cheap and I thought we'd recover quickly. The death of 2 of my fraternity brothers made my wife ask when we could retire. I said anytime. After meeting with a Fidelity advisor who verified our position, we did retire in 2010 with 900k and no debt. House paid off. We haven't needed to touch that money and now it's $1.9M. I think we are inflation proof. You doubled your money in 4 years?? First, how? Second, impressive! I was a little creative with those figures. Not all of it came from interest. Our net worth (not counting the house) almost doubled, but that was helped with some lump sum payment from our companies instead of taking a full annuity. Investments earned 14% in 2013 and 2012. I know the rule of 72 says it would take 18% each year which didn't happen.
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ken a.k.a OMK
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Post by ken a.k.a OMK on Dec 18, 2014 19:30:34 GMT -5
I'm 67. Retired 4 years. Since then we are living on my SS, military reserve pension, company pension, bankrupt company pension via PBGC, wife's SS and company pension. So multiple income sources. Good for you. I'm still trying to figure out how to get the income without taking the $$ out of the 401k. We are a few years younger than you. If I were in your shoes I think I'd start spending more. We did buy a house around the corner and move my MIL into it, but even with that mortgage we are still saving money. It's not like we are wanting for anything. I'm sure we will be forced to take out money from our IRA's at 70 1/2 and reinvest it. I think our pension income is about 80% of what we earned while working.
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cronewitch
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Post by cronewitch on Dec 18, 2014 21:13:18 GMT -5
The last two days were amazing 20K yesterday and 17K today but only 65K YTD so about half a year in two days.
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