Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 11-22-2008, 09:44 PM   #21
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
clifp's Avatar
 
Join Date: Oct 2006
Posts: 7,450
I don't mind joining the lost a million club, it is losing the multi-millionaire status which is painful.

I always want my own game show with a bunch of hot woman, scheming to get their hands on my money.

The silver lining is that my dividend and income has dropped only modestly this year, despite some painful cuts because I also had a more companies raise dividends than cut.

Dow 15,000 by 12/31/2013
__________________

__________________
clifp 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 11-22-2008, 09:51 PM   #22
Thinks s/he gets paid by the post
thefed's Avatar
 
Join Date: Oct 2005
Posts: 2,203
this thread makes my 15k loss more bearable. THANK YOU
__________________

__________________
thefed is offline   Reply With Quote
Old 11-23-2008, 12:24 AM   #23
Thinks s/he gets paid by the post
Rambler's Avatar
 
Join Date: Jul 2007
Posts: 2,243
Well over - anybody else out there pushing on -2M? Counting declining value of real estate, and greed (my own) induced loss of value on megacorp stock options, I'm almost in striking distance. The stock options are likely to hurt the worst over the long term since they probably will not recover within the term of the options. Nothing has really been "lost" because nothing has been sold. The paper losses are not pleasant, but probably better than real, hard, locked-in losses. I'm an optimist though, most of the time, and I kind of think things will start to bottom out and maybe turn up before long.

R
__________________
Find Joy in the Journey...
Rambler is offline   Reply With Quote
Old 11-23-2008, 06:10 AM   #24
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 8,615
Of course I don't want to join this club.
__________________
LOL! is offline   Reply With Quote
Old 11-23-2008, 06:43 AM   #25
Recycles dryer sheets
Medit8's Avatar
 
Join Date: Jul 2007
Posts: 119
Yes, I'm a Cardcarrying Member of the Club. But quite frankly, I'm not concerned. I never put my full faith in equities, so what I have in that asset class will just have to work to recover.

Peace.
__________________
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 11-23-2008, 07:13 AM   #26
Moderator
Ronstar's Avatar
 
Join Date: Aug 2007
Location: A little ways southwest of Chicago
Posts: 9,336
Quote:
Originally Posted by Rambler View Post
Nothing has really been "lost" because nothing has been sold.
Same here, but I may be a member of the club depending on the extent of paper losses in investment real estate and business ownership.
__________________
Ronstar is offline   Reply With Quote
Old 11-23-2008, 07:31 AM   #27
Thinks s/he gets paid by the post
ls99's Avatar
 
Join Date: May 2008
Posts: 4,792
Never had a million, so can't possibly loose that much.
__________________
There must be moderation in everything, including moderation.
ls99 is offline   Reply With Quote
Old 11-23-2008, 05:36 PM   #28
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
clifp's Avatar
 
Join Date: Oct 2006
Posts: 7,450
Quote:
Originally Posted by ls99 View Post
Never had a million, so can't possibly loose that much.

It is easy to lose a million without ever having a million. Buy 3 or 4 million dollar houses in Florida or California with no or little money down, wait for the bubble to burst and viola.

Of course the real pros and at losing more than the started with our favorite Uncle... Sam, they can lose a trillion without even trying hard.
__________________
clifp is offline   Reply With Quote
Old 11-23-2008, 05:48 PM   #29
Recycles dryer sheets
 
Join Date: Oct 2008
Posts: 295
Well, haven't lost a Million or all my $, but None the less.. Being One isn't what it's cracked upto be.. making 7% on it? Minus taxes , and then leaving 3% back in for inflation sure doesn't leave one with much..

Now know why others kept saying " working on my 2nd Million" before I can Retire..
I should have too..

still have the 1st million...yet...
__________________
Dennis is offline   Reply With Quote
Old 11-23-2008, 05:52 PM   #30
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
If I had lost a million, I'd have about $1.92 left....
__________________
There's no need to complicate, our time is short..
bbbamI is offline   Reply With Quote
Time for a song!
Old 11-23-2008, 06:05 PM   #31
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2006
Posts: 11,014
Time for a song!

__________________
Meadbh is offline   Reply With Quote
Old 11-23-2008, 10:00 PM   #32
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
youbet's Avatar
 
Join Date: Mar 2005
Location: Chicago
Posts: 9,965
Quote:
Originally Posted by Rambler View Post
The stock options are likely to hurt the worst over the long term since they probably will not recover within the term of the options. R
I'm gagging over that one too...... 29 months into RE, I'm (according to my plan ) supposed to be living nicely by exercising soon-to-expire options right now! But, since they're deeply under water, ain't gona happen! So...... major portfolio shuffle (in the midst of all this down market crap) so that I have adequate divs and int.

The fact that the options expire and you can't just wait it out is the real killer.
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
youbet is offline   Reply With Quote
Old 01-29-2016, 07:39 AM   #33
Recycles dryer sheets
nvestysly's Avatar
 
Join Date: Feb 2007
Posts: 417
Mr. Market was quite neurotic in August of 2015 and has again shown his concern here at the start of 2016. It's not quite as bad as 2008 but it may be time to resurrect this thread.
__________________
Dreamin' of Streamin'
FIRE'd at 52 on 7/8/11
nvestysly is offline   Reply With Quote
Old 01-29-2016, 07:46 AM   #34
Recycles dryer sheets
 
Join Date: Nov 2013
Posts: 354
My asset allocation is much more conservative now than in 2008 but it is certainly possible.


Sent from my iPad using Tapatalk
__________________
jabbahop is online now   Reply With Quote
Old 01-29-2016, 07:52 AM   #35
Thinks s/he gets paid by the post
Senator's Avatar
 
Join Date: Feb 2014
Location: Eagan, MN
Posts: 3,040
My portfolio was actually up in 2015, but based on my inputs, not growth. Over 15% improvement. I was able to keep up with the declines in 2015.... But not in 2016.

To lose $1M, you must have to have ~$10M to start, as the market is down ~10%. That is a bunch of money still left.
__________________
FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
Senator is online now   Reply With Quote
Old 01-29-2016, 08:18 AM   #36
Thinks s/he gets paid by the post
DFW_M5's Avatar
 
Join Date: Sep 2003
Posts: 4,980
Quote:
Originally Posted by Senator View Post

To lose $1M, you must have to have ~$10M to start, as the market is down ~10%. That is a bunch of money still left.
I'd be delighted to be in that situation. Any how, at my age, it wouldn't be the end of the world given how much time I have left on earth.
__________________
Doing things today that others won't, to do things tomorrow that others can't. Of course I'm referring to workouts, not robbing banks.
DFW_M5 is offline   Reply With Quote
Old 01-29-2016, 10:45 AM   #37
Thinks s/he gets paid by the post
 
Join Date: Dec 2009
Location: Alberta/Ontario/ Arizona
Posts: 3,120
I've lost a million several times. Lost over 1 million in one day back in 2008. The key is that I have always made it all back plus more. This time will be no different I think.
__________________
Danmar is offline   Reply With Quote
Old 01-29-2016, 10:47 AM   #38
Recycles dryer sheets
 
Join Date: Jul 2013
Location: Cape Canaveral
Posts: 91
Most IV lost in a dip is 400k
__________________
shasta is offline   Reply With Quote
Old 01-29-2016, 11:05 AM   #39
Confused about dryer sheets
 
Join Date: Jan 2012
Location: Baltimore
Posts: 2
This would be my first post but I had to chime in .....Isn't the market only down about 10% since the beginning of the year? So if you've lost a million don't you still have 9 million left?

Isn't the bigger question Did this market change your lifestyle and what are you doing or not doing about it? Not being well off enough to have lost a million Im using my dryer sheet 3 times

I'm also new to blogging so if my edict is not correct and I've stuck my nose where it doesn't belong please let me know and I'll go back to just stalking.

All I ask is, you be kind;-)
__________________
EvanC is offline   Reply With Quote
Old 01-29-2016, 11:13 AM   #40
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 19,388
This thread was started way back in late 2008, when the market was on the way to lose more than 50%.
__________________

__________________
"Old age is the most unexpected of all things that can happen to a man" -- Leon Trotsky
NW-Bound is offline   Reply With Quote
Reply


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
"The Lost Decade" Retire Soon FIRE and Money 27 03-28-2008 08:38 AM
"Your First Million is the Toughest" How long did it take you? Milkman FIRE and Money 85 07-31-2007 05:23 PM
Can't Join the ER Club Yet! Jane_Doe FIRE and Money 8 05-06-2007 03:31 PM
Gripe: "Lost His Battle With Alcoholism"? BigMoneyJim Other topics 27 12-06-2005 02:21 AM
Euthanasia scene in "Million Dollar Baby" Cut-Throat Other topics 61 08-10-2005 02:24 PM

 

 
All times are GMT -6. The time now is 08:59 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.