Hi, my net worth

Gazingus · 01-08-2008, 07:45 PM

is $900,000.

I mean $875,000.

Oops, I mean $855,000.

Oh shoot, $810,000.

This is when I quit looking and quit trading and just wait. I don't own any bonds because I don't see the point in trying to smooth the dips at the cost of not riding to the top of the wave that will eventually crest.

Of course, I'm still at work. I'm surprised there is not more chatter on the fourm about this little "welcome to the new year" downturn. Are there any stomach aches among the ERs? I'm curious because I have no idea what it will feel like when I'm in that position.

**REWahoo** · 01-08-2008, 08:07 PM

Not sure about the other ER faithful, but this veteran of market swings doesn't question the wisdom of asset allocation and doesn't fall for the temptation of market timing. What goes down has always come back up. Of course the question is always "when?"...and having cast iron gonads helps a lot (along with 3+ years expenses in cash).

Dawg54 · 01-08-2008, 08:14 PM

Plenty of cash here too along with enough dividends and interest coming in to make it through market corrections. Can't say I'm happy about it though.

73ss454 · 01-08-2008, 08:15 PM

If this keeps up, according to Firecalc I'll have to start looking at Monster.com.

Well not really, I'm with REW, just sit and wait.

tightasadrum · 01-08-2008, 08:20 PM

Don't look, don't tell.

FUEGO · 01-08-2008, 09:12 PM

I'm a buyer. Drops like this are good news for me!

Notmuchlonger · 01-08-2008, 09:17 PM

I just close my eyes and pray to the 8lb 6 oz lil baby jesus in his cradle.

bbbamI · 01-08-2008, 09:46 PM

We've finally gotten to the point where we are satisfied with our AA. Since DH is still working, it's not too bad. But, he wants to retire in about 1 year and 4 months. By then we will have 5 years of cash and a non cola'd pension, so we should be in pretty good shape.

If the time comes that things get really bad down the road and we're both retired, well, we'll go back to w*rk.

There, I said it.

newguy88 · 01-08-2008, 09:56 PM

I have a feeling 8000 dow looks more likely than 15000 dow. This mess in the finacial markets is much bigger than anyone really sees.

aaronc879 · 01-08-2008, 10:02 PM

8000 dow? I would bet my retirement that we'll never see 4 figure dow again. As for 15000 dow, it won't be this decade but we'll get there eventually.

newguy88 · 01-08-2008, 10:06 PM

Quote:

Originally Posted by aaronc879

8000 dow? I would bet my retirement that we'll never see 4 figure dow again. As for 15000 dow, it won't be this decade but we'll get there eventually.

Humm,

danm · 01-08-2008, 10:35 PM

Mine has gone up since the new year, what, 5% so far.

And was up 15% last year, which compares with the 3.5% of the S&P.

Medit8 · 01-09-2008, 08:53 AM

ER is a long-term game. Proper diversificton makes these gyrations an opportunity rather than a worry (for me anyway).

frayne · 01-09-2008, 08:58 AM

Quote:

Originally Posted by REWahoo

Not sure about the other ER faithful, but this veteran of market swings doesn't question the wisdom of asset allocation and doesn't fall for the temptation of market timing. What goes down has always come back up. Of course the question is always "when?"...and having cast iron gonads helps a lot (along with 3+ years expenses in cash).

Give that man a cigar !

Achiever51 · 01-09-2008, 09:43 AM

Although I'm one year into retirement, I'm still about 3 years away from making any withdrawals from my retirement portfolio. (We too have about 3+ years expenses in cash to supplement my non-COLA'd pension.) So for now, I'm not too concerned by the correction in the market. Sure hope we're not in this position in 2011, though!

Dawg54 · 01-09-2008, 04:02 PM

Quote:

Originally Posted by danm

Mine has gone up since the new year, what, 5% so far.

And was up 15% last year, which compares with the 3.5% of the S&P.

Ok, spill the beans. What stocks are you in?

Notmuchlonger · 01-09-2008, 04:41 PM

Quote:

Originally Posted by Dawg52

Ok, spill the beans. What stocks are you in?

Think he mentioned he was in bonds.

Gazingus · 01-09-2008, 06:25 PM

I'm not diversified enough to take advantage of this one, but regardless of current factors like oil prices, mortgage lending, you-name-it, these things are still based on emotion; namely fear.

When it swings, the sellers will be trying to get back in and the race will be on.

dessert · 01-09-2008, 08:31 PM

Quote:

Originally Posted by danm

Mine has gone up since the new year, what, 5% so far.

Give this man a Cigar!
I'm scared to look at mine.

danm · 01-09-2008, 10:05 PM

All bond portfolio - around 10% return on the intermediate term, the 30 years returned 15%.

Previous to that I was 100% stock. But I studied inflation and deflation deeply and changed my asset allocation, along with selling physical assets (house, extra car, etc.)

Quote:

these things are still based on emotion; namely fear.

Unfortunately not.

01-08-2008, 07:45 PM	#1
Gazingus Dryer sheet aficionado Join Date: Jan 2008 Posts: 49	Hi, my net worth is $900,000. I mean $875,000. Oops, I mean $855,000. Oh shoot, $810,000. This is when I quit looking and quit trading and just wait. I don't own any bonds because I don't see the point in trying to smooth the dips at the cost of not riding to the top of the wave that will eventually crest. Of course, I'm still at work. I'm surprised there is not more chatter on the fourm about this little "welcome to the new year" downturn. Are there any stomach aches among the ERs? I'm curious because I have no idea what it will feel like when I'm in that position.

01-08-2008, 08:07 PM	#2
REWahoo Administrator Join Date: Jun 2002 Location: Texas Hill Country Posts: 12,352	Not sure about the other ER faithful, but this veteran of market swings doesn't question the wisdom of asset allocation and doesn't fall for the temptation of market timing. What goes down has always come back up. Of course the question is always "when?"...and having cast iron gonads helps a lot (along with 3+ years expenses in cash). __________________ [Closed for renovation]

01-08-2008, 08:14 PM	#3
Dawg54 Thinks s/he gets paid by the post Join Date: Feb 2005 Location: Mississippi Posts: 3,335	Plenty of cash here too along with enough dividends and interest coming in to make it through market corrections. Can't say I'm happy about it though. __________________ Full time golf bum.......

01-08-2008, 08:20 PM	#5
tightasadrum Full time employment: Posting here. Join Date: Aug 2006 Location: athens Posts: 512	Don't look, don't tell. __________________ Can't you see yourself in the nursing home saying, " Darn! Wish I'd spent more time at the office instead of wasting time with family and friends."

01-08-2008, 09:17 PM	#7
Notmuchlonger Thinks s/he gets paid by the post Join Date: Dec 2007 Posts: 3,192	I just close my eyes and pray to the 8lb 6 oz lil baby jesus in his cradle. Last edited by Notmuchlonger; 01-08-2008 at 09:18 PM.. Reason: got the weight wrong :(

01-08-2008, 08:15 PM	#4
73ss454 Thinks s/he gets paid by the post Join Date: Oct 2004 Posts: 1,883	If this keeps up, according to Firecalc I'll have to start looking at Monster.com. Well not really, I'm with REW, just sit and wait.

01-08-2008, 09:12 PM	#6
FUEGO Full time employment: Posting here. Join Date: Nov 2007 Posts: 777	I'm a buyer. Drops like this are good news for me!

01-08-2008, 09:46 PM	#8
bbbamI Thinks s/he gets paid by the post Join Date: Dec 2006 Location: The flat part of Texas Posts: 1,987	We've finally gotten to the point where we are satisfied with our AA. Since DH is still working, it's not too bad. But, he wants to retire in about 1 year and 4 months. By then we will have 5 years of cash and a non cola'd pension, so we should be in pretty good shape. If the time comes that things get really bad down the road and we're both retired, well, we'll go back to w*rk. There, I said it. __________________ Imagination's unreal....

01-08-2008, 09:56 PM	#9
newguy88 Thinks s/he gets paid by the post Join Date: Nov 2005 Posts: 2,119	I have a feeling 8000 dow looks more likely than 15000 dow. This mess in the finacial markets is much bigger than anyone really sees.

01-08-2008, 10:02 PM	#10
aaronc879 Recycles dryer sheets Join Date: Jan 2006 Posts: 361	8000 dow? I would bet my retirement that we'll never see 4 figure dow again. As for 15000 dow, it won't be this decade but we'll get there eventually.

01-08-2008, 10:35 PM	#12
danm Recycles dryer sheets Join Date: Dec 2005 Posts: 137	Mine has gone up since the new year, what, 5% so far. And was up 15% last year, which compares with the 3.5% of the S&P.

01-09-2008, 08:53 AM	#13
Medit8 Recycles dryer sheets Join Date: Jul 2007 Posts: 88	ER is a long-term game. Proper diversificton makes these gyrations an opportunity rather than a worry (for me anyway). __________________ Ty Webb to Carl Spackler: "Got a pond...got a pool and a pond. Pond would be good for you."

01-09-2008, 09:43 AM	#15
Achiever51 Full time employment: Posting here. Join Date: Feb 2007 Location: Southeastern Michigan Posts: 806	Although I'm one year into retirement, I'm still about 3 years away from making any withdrawals from my retirement portfolio. (We too have about 3+ years expenses in cash to supplement my non-COLA'd pension.) So for now, I'm not too concerned by the correction in the market. Sure hope we're not in this position in 2011, though! __________________ The best things in life....are not things.

01-09-2008, 06:25 PM	#18
Gazingus Dryer sheet aficionado Join Date: Jan 2008 Posts: 49	I'm not diversified enough to take advantage of this one, but regardless of current factors like oil prices, mortgage lending, you-name-it, these things are still based on emotion; namely fear. When it swings, the sellers will be trying to get back in and the race will be on.

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