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01-08-2008, 06:45 PM
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#1
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Recycles dryer sheets
Join Date: Jan 2008
Posts: 126
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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.
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01-08-2008, 07:07 PM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,000
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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
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01-08-2008, 07:14 PM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,067
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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
Investing style: Full time wuss.
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01-08-2008, 07:15 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,693
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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.
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01-08-2008, 07:20 PM
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#5
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Full time employment: Posting here.
Join Date: Aug 2006
Location: athens
Posts: 802
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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."
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01-08-2008, 08:12 PM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2007
Posts: 7,746
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I'm a buyer. Drops like this are good news for me!
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01-08-2008, 08:17 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,764
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I just close my eyes and pray to the 8lb 6 oz lil baby jesus in his cradle.
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01-08-2008, 08:46 PM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,293
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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..
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01-08-2008, 08:56 PM
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#9
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gone traveling
Join Date: Nov 2005
Posts: 2,146
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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.
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01-08-2008, 09:02 PM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Posts: 5,339
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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.
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01-08-2008, 09:06 PM
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#11
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gone traveling
Join Date: Nov 2005
Posts: 2,146
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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.
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Humm,
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01-08-2008, 09:35 PM
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#12
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Recycles dryer sheets
Join Date: Dec 2005
Posts: 137
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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.
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01-09-2008, 07:53 AM
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#13
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Recycles dryer sheets
Join Date: Jul 2007
Posts: 119
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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."
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01-09-2008, 07:58 AM
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#14
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,871
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01-09-2008, 08:43 AM
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#15
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 1,015
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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!
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01-09-2008, 03:02 PM
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#16
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,067
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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.
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Ok, spill the beans. What stocks are you in?
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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01-09-2008, 03:41 PM
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#17
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Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,764
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Quote:
Originally Posted by Dawg52
Ok, spill the beans. What stocks are you in?
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Think he mentioned he was in bonds.
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01-09-2008, 05:25 PM
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#18
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Recycles dryer sheets
Join Date: Jan 2008
Posts: 126
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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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01-09-2008, 07:31 PM
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#19
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Full time employment: Posting here.
Join Date: Jan 2007
Location: Southern Louisiana
Posts: 519
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Quote:
Originally Posted by danm
Mine has gone up since the new year, what, 5% so far.
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Give this man a Cigar!
I'm scared to look at mine.
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01-09-2008, 09:05 PM
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#20
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Recycles dryer sheets
Join Date: Dec 2005
Posts: 137
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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.
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Unfortunately not.
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