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notop

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  1. There was horizontal drilling and fracking way earlier, albeit nowhere near as far horizontally. I am personally aware of efforts in the Austin Chalk near College Station in the 1980's. I would be cautious of an "expert" who thought it started around 2008/2009.
  2. Dollar cost averaging works great when accumulating assets. Dollar cost averaging as you dis-accumulate can hurt you emmensely, If you live off your portfolio and you do not have a cash cushion then some of you cash should be dedicated to that. Even taking into account losses to inflation. If your financial position is so precarious as to not allow an emergency fund then you should seriously consider re-entering the workforce. After allowing for such an emergency fund (I use three years), then the remainder of your cash should be dispersed into a widely diversified, international, portfolio. Not my advice, but that of all qualified investment advisors I am aware of. Does not mean that it is "right" today, just that you have the odds from decades of investment history on your side.
  3. Great entry. What is your profit objective? If you have a stop loss, please post that. Appreciated.
  4. RV: may your endeavors be always prosperous.
  5. Markets go up and markets go down. That is what they do. Best for almost all involved if equity markets go up more than they go down.
  6. I did not mean to imply that there were not problems. Just that they were man enough to handle it, even if it took years. And it often did. Some even went round the bend. But society did not rationalize it back then. You were supposed to gut it up and move on. Almost all did. As did your Father and mine.
  7. just a plain ol helicopter pilot, US Arm 1969-1973. CW2, 282nd AHC, Da Nang 1970-1971. Observation remains that prior to Viet Nam PTSD was not a wide spread problem despite much larger "exposure" and much harsher conditions. I just wish they would quit their whining.
  8. I have a problem with PTSD in general. Mankind has been engaged in war since the beginning of recorded history. Not continuously, but too often. Gruesome wars with mostly hand to hand combat were the rule for centuries. It is only in the modern era that we have been able to inflict damage from afar. Seemingly each combat situation had seen less and less "eye to eye" combat. Did the millions of participants in WWI suffer from widespread PTSD? WWII? Korea? It wasn't until Viet Nam that PTSD became prevalent. Do not know why and not going to pretend to explain. Just understand that throughout history men (and some women) have gone off to war. Survivors came home and continued on with productive lives. Enabling PTSD only makes it worse.
  9. This is my favorite advisor. Not recommending his current job selling for AssetBuilder but instead his previous work as a syndicated author. Poke around and look at his articles on lazy portfolios. His ideas are basically solid. http://assetbuilder.com/blogs/scott_burns/postlist.aspx?groupid=6 ps: I have told my wife that if anything should happen to me that she should strongly consider letting Asset Builder handle her assets. jmo.
  10. Hi Kirk,

    You were gracious enough to answer my question about insurance months ago. Why not return the favor by asking another question?

    Did you consider the College Station area? My investigation shows all the advantages that you listed plus having a major university with all that it brings.

    Have to admit that I am an Aggie so biased.

    Thanks,

    ...

  11. Have no idea as to the veracity of this: Tesla Motors’ Devastating Design Problem http://jalopnik.com/5887265/tesla-motors-devastating-design-problem
  12. RV: I would suggest another strategy for handling high volatility equities. If you get in timely and it doubles, sell 1/2 and hold the second half until you change your mind about its prospects.
  13. I agree, few can time the market. But what are you doing if you enter and exit the market based upon signals (or feelings)? I remember getting mostly out in 2000 and buying when it was a no brainer in Sept 2001. Unfortunately, I did not identify the no brainer exit. Since I am also a long term investor I ended up ahead, but the drawdown was not fun. For the record: since I am now retired, I no longer trade - just maintain a well diversified portfolio which I rebalance twice a year.
  14. use a monthly chart w/ bollinger bands and a 9 ema for long term direction. Determine trend with a 9ema and shorter time period (eg, daily). If the ema is making higher lows, the trend is up and long positions are called for. Long and exit are the signals. If the ema is making lower highs, short and exit are the signal (although for most people short positions are not appropriate). Do not try to pick highs or lows. Cost me too much to learn that, but it is free for you right here. If you are as hard headed as I was then you will lose money like I did.
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