Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Old 07-28-2007, 03:26 PM   #41
Full time employment: Posting here.
tangomonster's Avatar
 
Join Date: Mar 2006
Posts: 757
No calls, no pension. Portfolio is just as you intuited. So it's okay. I know it would be foolish to do anything but sit tight. I didn't make it to this point by attempting to market time! But I am definitely glad that this correction happened after one full year of RE, rather than right at the beginning (would have interpreted as an ominous sign that the money gods thought I was being presumptous in retiring too early and wanted to punish me!).
__________________
“It is not a sign of good health to be well adjusted to a sick society”.------Krishnamurti
tangomonster 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!

Question
Old 07-29-2007, 12:49 AM   #42
Thinks s/he gets paid by the post
 
Join Date: Apr 2007
Posts: 1,305
Question

Has anyone credible actually labeled the current pull back a 'correction'?
__________________
Life is GREAT!
megacorp-firee is offline   Reply With Quote
Old 07-29-2007, 08:08 AM   #43
Recycles dryer sheets
 
Join Date: Jan 2006
Posts: 331
I've lost a month's salary. While that's no $120k, it's a pretty big loss for me. I have decided that to keep my nerves, I should spend a few hundred dollars on toys to make me feel rich. After all, a month's salary is no big loss to a rich guy, right?

I just ordered a new set of MAME ROMs since mine is out of date. Should keep me occupied long enough that I won't log into Vanguard until the market bounces back
NinjaPigeon is offline   Reply With Quote
Old 07-29-2007, 08:15 AM   #44
Gone but not forgotten
 
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
I logged into Vanguard yesterday .I lost more than the price of my first house .Luckily I bought that house in 1970 .Hope things get better !
Moemg is offline   Reply With Quote
Old 07-29-2007, 10:22 AM   #45
Thinks s/he gets paid by the post
 
Join Date: Aug 2005
Location: Crownsville
Posts: 3,709
I haven't checked yet to see how much I've "lost". I had a gut feeling that things were going to fall though, mainly because my portfolio hit a new milestone about a month ago, breaking the $400K barrier. Last time I added everything up, I was up to around $413K, but that was before the market started slipping.

When we had that little hiccup back in February, I think it put me down about 8-9% for a moment, but it bounced back pretty quickly. That didn't even faze me. When we had that little correction last summer though, it was a bit more disturbing. Mainly because I co-signed on a car loan for a good friend of mine, and I swear, within a month, he became deathly ill and the market started to tank. I was more worried about him dying than the market going down or the possibility of getting stuck with a dead man's car payment, but everything just sort of compounded, and made the situation worse.

Thankfully, my buddy recovered and got out of the hospital. Oddly, he got out about the same time as the market recovered to where it had been before the start of him getting sick/the "correction".

This time around, I'm not sweating it. In fact, I just upped some of my automatic monthly investments, in the hopes of taking advantage of it.
Andre1969 is online now   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
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
I just got an opportunity to bid on a $50,000 job!!! Air duct cleaning thefed Other topics 10 06-20-2007 12:36 AM
Help me design a portfolio that generates $50,000 a year BD1 FIRE and Money 58 05-29-2006 04:53 PM
What am I not seeing here? larry Other topics 9 05-06-2006 07:24 PM

» Quick Links

 
All times are GMT -6. The time now is 03:59 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.