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The bar is open.... / Re: Beetle's Book and Word Thread
« Last post by Dougfish on Today at 14:14:45 »
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The bar is open.... / Beetle's Book and Word Thread
« Last post by Dee-Vo on Today at 11:39:40 »

This was one of the better books I've read in a good while. Finished it up this morning. I'll be picking up more of his work.

I enjoyed the story as much as I enjoyed the bits and pieces of history and factual enlightenment that is scattered throughout. An eye-opener.

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Now, next on my reading agenda: King's "Salem's Lot", and Rohrig's "Lost on the Appalachian Trail". I'm swinging by the book store this evening to pick these up.

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The bar is open.... / Re: Hmmm.. GE a good buy @ $32.50???
« Last post by Silver Creek on Today at 10:45:23 »
GE is dead money.

I sold at 23.77. My cost was $5.23 since I bought it back in 1990. Since then it split 2:1 in 1994, 2:1 in 1997 and then 3:1 in 2000 totaling a 12:1 split and dropping my cost to 5.23. All my gains are long Term Capital Gains.

The problem with buying GE in a retirement fund is that at the time this thread was created, GE we having financial problems as I noted in previous posts. So when GE continued to go down, the losses are not tax deductible.

There is a psychological element that prevents investors from taking loses in retirement funds because those losses are not tax deductible. That is why it is so hard to sell for a loss in a retirement fund. So decisions are made based on emotion and not on the financials of the situation. This is a form of confirmation bias, that prevents the investor from considering evidence that their decision was incorrect. The way to prevent following a stock to zero is to set a stop loss at the time the stock is bought. My stop loss on risky stocks is a 15% below the purchase price.

When I consider a stock a risky bet, and buying a falling stock with poor fundamentals is a risky bet; set a stop loss to protect yourself from following the stock to zero.

Retirement funds should be for safer bets like index funds that are not tied to a single stock. The restro-spectascope is 100% correct but it can provide a valuable lesson. On April 11, 2000, the broad based VTSMX (Vanguard Total Stock Market Index Fund) was at 32.16. Yesterday on November 3, 2018 it was 67.74. This is a gain of 35.58 which is gain of 110.6% The “safer” VFINX (Vanguard S&P 500 Index Fund) was at 138.32 on  April 11, 2000 and at 261.86 on November 3, 2018. This is a gain of 89.3%. These gains are despite the 50% loss in the Dow from 2007 to 2009. This is the reason that over long periods of time stock indexes are the best retirement investment vehicle for most people.

That continues to be my opinion and I'm sticking with it.

BTW, there is a new book out by Annie Duke, a former champion professional poker player that everyone should read who is interested in the psychology making good decisions. It is called "Thinking in Bets". Annie Duke has a Ph.D in psychology. I give the book 5 stars

https://www.amazon.com/Thinking-Bets-Making-Smarter-Decisions-ebook/dp/B074DG9LQF
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The bar is open.... / Re: Unlimited Salmon/Steelhead News Update...
« Last post by Woolly Bugger on November 13, 2018, 15:29:22 PM »
This is a fish story about the steelhead trout that got away and then returned to Napa after a sojourn to the sea.
This threatened species journeys from the freshwater they are born in to the ocean and back to fresh water to spawn. Scientists have long assumed that adult steelhead in the Napa River are Napa natives.
But only this year has the Napa County Resource Conservation District (NCRD) verified scientifically that this case. Tiny tags implanted in the fish and an underwater antenna provided the proof.

Two Napa steelhead have beyond any doubt come home.
“That’s what we had hopes for,” NRCD senior biologist Jonathan Koehler said.
A thriving steelhead trout population in the Napa River would be a local triumph. Millions of dollars have been spent restoring fish-friendly habitat. State regulations require vineyard owners to reduce sediment runoff from their property to help steelhead and other fish.



https://napavalleyregister.com/news/local/fish-fastrak-system-shows-napa-steelhead-come-home/article_7bd2d455-3df7-5145-8ee4-e29e070550d7.html
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The bar is open.... / Re: Video of the day...
« Last post by Woolly Bugger on November 13, 2018, 14:52:30 PM »
Not actually a video but just an awesome image of Jupiter


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here's a vidoe about the Juno mission....


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The bar is open.... / Re: Hmmm.. GE a good buy @ $32.50???
« Last post by Woolly Bugger on November 12, 2018, 19:13:07 PM »
fortunately I've taken all of those dividends and invested in other opportunities over the years... and was up  9.32% YTD including GE before the selloff today!  :banana026:
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The bar is open.... / Re: Hmmm.. GE a good buy @ $32.50???
« Last post by Big J on November 12, 2018, 12:29:16 PM »
GE will come back, but I don't think they are done declining yet.  A lot of big questions still lingering.  Ride it out Bugger.  I may get into GE if anything positive news wise can come out of GE and the investigation doesn't sink them completely. 
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The bar is open.... / Re: Hmmm.. GE a good buy @ $32.50???
« Last post by troutrus on November 12, 2018, 12:15:34 PM »
Ah Ha! Been trying for the last hour to remember which board it was with the GE discussion from 10 years back. Was curious to find this old post. Seems that some of the old forums have folded and other still show me as being banned.  ;D  I have no skin in the game, but with GE in the news, was curious to find the old thread. Hope none of you folks were hurt too bad. If so and you’re young, you have time to make it back. If old (like me) don’t sweat it, ‘cuse if you didn’t spend it by now, you most likely didn’t need it anyway.

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