Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Hi, my net worth
Old 01-08-2008, 07:45 PM   #1
Recycles dryer sheets
 
Join Date: Jan 2008
Posts: 109
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.
__________________

__________________
Gazingus is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-08-2008, 08:07 PM   #2
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,068
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).
__________________

__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 01-08-2008, 08:14 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Dawg52's Avatar
 
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 7,432
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.
__________________
Retired 3/31/2007@52
Full time wuss.......
Dawg52 is offline   Reply With Quote
Old 01-08-2008, 08:15 PM   #4
Thinks s/he gets paid by the post
73ss454's Avatar
 
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,378
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.
__________________
73ss454 is offline   Reply With Quote
Old 01-08-2008, 08:20 PM   #5
Full time employment: Posting here.
tightasadrum's Avatar
 
Join Date: Aug 2006
Location: athens
Posts: 802
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."
tightasadrum is offline   Reply With Quote
Old 01-08-2008, 09:12 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Nov 2007
Posts: 7,526
I'm a buyer. Drops like this are good news for me!
__________________
FUEGO is offline   Reply With Quote
Old 01-08-2008, 09:17 PM   #7
Thinks s/he gets paid by the post
 
Join Date: Dec 2007
Posts: 4,764
I just close my eyes and pray to the 8lb 6 oz lil baby jesus in his cradle.
__________________
Notmuchlonger is offline   Reply With Quote
Old 01-08-2008, 09:46 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
bbbamI's Avatar
 
Join Date: Dec 2006
Location: Dallas 'burb
Posts: 9,039
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.
__________________
There's no need to complicate, our time is short..
bbbamI is offline   Reply With Quote
Old 01-08-2008, 09:56 PM   #9
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.
__________________
newguy88 is offline   Reply With Quote
Old 01-08-2008, 10:02 PM   #10
Thinks s/he gets paid by the post
 
Join Date: Jan 2006
Posts: 2,971
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.
__________________
aaronc879 is offline   Reply With Quote
Old 01-08-2008, 10:06 PM   #11
Thinks s/he gets paid by the post
 
Join Date: Nov 2005
Posts: 2,119
Quote:
Originally Posted by aaronc879 View Post
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,
__________________
newguy88 is offline   Reply With Quote
Old 01-08-2008, 10:35 PM   #12
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.
__________________
danm is offline   Reply With Quote
Old 01-09-2008, 08:53 AM   #13
Recycles dryer sheets
Medit8's Avatar
 
Join Date: Jul 2007
Posts: 119
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."
Medit8 is offline   Reply With Quote
Old 01-09-2008, 08:58 AM   #14
Thinks s/he gets paid by the post
frayne's Avatar
 
Join Date: Oct 2002
Location: 19th Hole
Posts: 2,528
Quote:
Originally Posted by REWahoo View Post
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 !
__________________
frayne is offline   Reply With Quote
Old 01-09-2008, 09:43 AM   #15
Thinks s/he gets paid by the post
 
Join Date: Feb 2007
Posts: 1,015
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!
__________________
Achiever51 is offline   Reply With Quote
Old 01-09-2008, 04:02 PM   #16
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Dawg52's Avatar
 
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 7,432
Quote:
Originally Posted by danm View Post
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?
__________________
Retired 3/31/2007@52
Full time wuss.......
Dawg52 is offline   Reply With Quote
Old 01-09-2008, 04:41 PM   #17
Thinks s/he gets paid by the post
 
Join Date: Dec 2007
Posts: 4,764
Quote:
Originally Posted by Dawg52 View Post
Ok, spill the beans. What stocks are you in?

Think he mentioned he was in bonds.
__________________
Notmuchlonger is offline   Reply With Quote
Old 01-09-2008, 06:25 PM   #18
Recycles dryer sheets
 
Join Date: Jan 2008
Posts: 109
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.
__________________
Gazingus is offline   Reply With Quote
Old 01-09-2008, 08:31 PM   #19
Full time employment: Posting here.
dessert's Avatar
 
Join Date: Jan 2007
Location: Southern Louisiana
Posts: 517
Quote:
Originally Posted by danm View Post
Mine has gone up since the new year, what, 5% so far.
Give this man a Cigar!
I'm scared to look at mine.
__________________
dessert is offline   Reply With Quote
Old 01-09-2008, 10:05 PM   #20
Recycles dryer sheets
 
Join Date: Dec 2005
Posts: 137
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.
__________________

__________________
danm is offline   Reply With Quote
Reply

Tags
net worth


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Net Worth 2007 wabmester FIRE and Money 58 01-07-2007 12:18 PM
net worth spreadsheet Martha FIRE and Money 26 07-31-2005 10:09 PM
Calculating your net worth justin FIRE and Money 59 07-02-2005 10:18 PM
Net Worth by Age Anon FIRE and Money 18 09-14-2004 05:34 PM
Net worth sunrunner4@hotmail.com Life after FIRE 23 08-11-2004 12:23 PM

 

 
All times are GMT -6. The time now is 07:07 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.