Comments on: Economic Models Explained With Cows – 2008 Update

By: The Sarcasticynic

The Sarcasticynic — Sun, 19 Oct 2008 12:38:16 +0000

Nah, I’m not that sophisticated. Read my blog starting at the beginning to see how naive I (still) am when it comes to stocks and investments.

By: Phantasmix

Phantasmix — Sun, 19 Oct 2008 03:07:00 +0000

Imagine how many boomers are close to the retirement or will be in the next few years. It’ll be a constant flow of money out of the market.

And stocks aren’t that cheap right now.

Do you / have you ever shorted stocks?

By: The Sarcasticynic

The Sarcasticynic — Sun, 19 Oct 2008 00:08:21 +0000

To be honest, the only reason I have an “advisor” is because I needed to rollover 2/3 of my 401(k) into an IRA to take 72(t) distributions. The firm I chose, which rhymes with “peril pinch,” has my steady income in Treasury Bonds and the rest in mutual funds. I don’t have the need to speak with them much. Of course, that will all change when I turn 59.5.

And no, I’ve not seen this before. Contrary to my other comment about my pulse, I’m at peace despite all this turmoil. No worries here. I would, however, be extremely upset if this had all happened when I was just about to retire.

By: Phantasmix

Phantasmix — Sat, 18 Oct 2008 20:31:10 +0000

That was some lucky timing, not perfect, but good enough.

And how did your advisor do in this environment? Was s/he defensive enough with the allocation?

Have you seen anything close to this market before? 🙂
Really shook me up, crazy stuff.

By: The Sarcasticynic

The Sarcasticynic — Sat, 18 Oct 2008 18:19:48 +0000

Yes, I sold some in January ’08 to help pay for my Corvette, and then some about two months ago to help pay for my new pool table. Just in time, I guess.

And both. I’ve managed my own personal finances and my 401(k) for the last three decades, and now have an advisor who manages my post-retirement IRA.

By: Phantasmix

Phantasmix — Sat, 18 Oct 2008 17:26:51 +0000

Ah yes, but to follow the Fibonacci retracements, I think it goes like this:

You have two cows.
Now you have 1.618 cows.
Now you have 1.5 cows.
Now you have 1.382 cows.
Now you have 1.236 cows.

(Attempt at geek humor).

Sarcasticynic, did you sell any stocks before “the debacle”? Do you manage your own money or have an advisor?

By: The Sarcasticynic

The Sarcasticynic — Sat, 18 Oct 2008 16:24:52 +0000

The DJIA Model:

You have two cows.
Now you have 1.92 cows.
Now you have 1.85 cows.
Now you have 1.89 cows.
Now you have 1.4 cows.

By: Phantasmix

Phantasmix — Fri, 17 Oct 2008 17:05:51 +0000

And what’s the definition of that, economically speaking?

(are you really a vegetarian??)

By: R

Fri, 17 Oct 2008 16:36:09 +0000

I’m vegetarian 🙂

By: Phantasmix

Phantasmix — Fri, 17 Oct 2008 12:31:35 +0000

Hmmm, that’s a very good question (makes me think).

I’d like to have an Australian corporation, but so far it’s more like Surrealism. What about you?