Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
As God is my witness, I will never be in
Old 06-16-2006, 09:08 PM   #1
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 1,352
As God is my witness, I will never be in

the market again.

The last 2 weeks have proven that you could be wiped out quickly by some ignorant comments by a Fed Chief. -100 days for two weeks just because some idiot decides to mumble. That's what I hated about Greenspan. He had little to say but every word was an "Omen" of doom.

I'm taking the big hit on my $1.2 mil after tax portfolio and going cash. I will use 1/2 the money to buy an abode, buy furnishing, and a Hummer H2. Buying in Arizona. The rest will be put into an annuity that covers most living expenses. Then I'll buy survivor supplies for years.

Tired of watching oil prices, commodity prices, the DJIA, NAS etc.

The 401k will stay in the market and most likely go to zero but if I leve to see 62, SSN will at least pay $1,500 a month.

The market sucks.
__________________

__________________
OldAgePensioner 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!

Re: As God is my witness, I will never be in
Old 06-16-2006, 10:05 PM   #2
Thinks s/he gets paid by the post
twaddle's Avatar
 
Join Date: Jun 2006
Posts: 1,378
Re: As God is my witness, I will never be in

OAP, this is God. Stay in the market, but stay away from Arizona. I'm planning to have a little fun with the Grand Canyon soon.
__________________

__________________
twaddle is offline   Reply With Quote
Re: As God is my witness, I will never be in
Old 06-16-2006, 10:10 PM   #3
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: 42,074
Re: As God is my witness, I will never be in

God, I thought for sure you were going to tell him not to buy an H2!

What next, are you going to tell him what laptop to buy? :
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Re: As God is my witness, I will never be in
Old 06-16-2006, 10:28 PM   #4
Confused about dryer sheets
 
Join Date: Jun 2006
Posts: 1
Re: As God is my witness, I will never be in

OAP, stay out of the market so you drive prices down for me to buy. Move to Arizona (it is more of a dry heat)....
__________________
The Devil is offline   Reply With Quote
Re: As God is my witness, I will never be in
Old 06-16-2006, 10:28 PM   #5
Recycles dryer sheets
 
Join Date: Sep 2004
Posts: 84
Re: As God is my witness, I will never be in

Welcome to AZ, OAP! *Be glad to have you here!

Momtwo
__________________
Momtwo is offline   Reply With Quote
Re: As God is my witness, I will never be in
Old 06-16-2006, 11:17 PM   #6
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 1,352
Re: As God is my witness, I will never be in

The H2 will be tricked out as a RV. My abode bill be small and minimalist.

I want away from having every facet of my life controlled by the ramblings of some Washington Fed Bank idiot.
__________________
OldAgePensioner is offline   Reply With Quote
Re: As God is my witness, I will never be in
Old 06-16-2006, 11:43 PM   #7
Recycles dryer sheets
 
Join Date: Apr 2006
Posts: 147
Re: As God is my witness, I will never be in

Right on OAP. Other then the Hummer I agree with you. Investment in life skills will trump the stock market every time. Life skills are learning to grow your own food, repair things on your own, generating energy without reliance on the grid, stocking up on supplies, bartering.
__________________
Hydroman is offline   Reply With Quote
Re: As God is my witness, I will never be in
Old 06-17-2006, 12:48 AM   #8
Thinks s/he gets paid by the post
Leonidas's Avatar
 
Join Date: May 2006
Location: Where the stars at night are big and bright
Posts: 2,847
Re: As God is my witness, I will never be in

Quote:
Originally Posted by Hydroman
Life skills are learning to grow your own food, repair things on your own, generating energy without reliance on the grid, stocking up on supplies, bartering.
Not disagreeing with a thing you said, but I'm curious what OAP is going to grow in Arizona. I have a vision of a dusty H2 rumbling around the dessert full of jars of pickled prickly pears and prickly pear jelly.

Let me know OAP, I got some good recipes for Nopalitos.

And I'm sure God or the Devil would have told you to not buy the H2 - if you're going Omega Man on us you better get the real deal - H1 baby! But, if you go that route you need to get the whole Sarah Connor going to Mexico rig and mount a Ma Deuce:

[img width=750 height=562]http://img.photobucket.com/albums/v485/cyncl_optmst/Tim%20in%20Iraq/TimontheMaDeuce.jpg[/img]
__________________
There is no pleasure in having nothing to do; the fun is having lots to do and not doing it. - Andrew Jackson
Leonidas is offline   Reply With Quote
Re: As God is my witness, I will never be in
Old 06-17-2006, 01:07 AM   #9
Full time employment: Posting here.
 
Join Date: Feb 2006
Posts: 784
Re: As God is my witness, I will never be in

Interestingly, God is confused about dryer sheets.
__________________
Cool Dood is offline   Reply With Quote
Re: As God is my witness, I will never be in
Old 06-17-2006, 02:52 AM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,380
Re: As God is my witness, I will never be in

I like this thread.

One thing I wonder about OAP going back to the land- is the Arizona Desert going to be full of little Japanese girls in their school uniforms, gay bikers wearing chaps and no trousers, and dim sum shops under every saguaro?

It seems like quite an abrupt change in direction. Not that there is anything wrong with that, no siree!

Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Re: As God is my witness, I will never be in
Old 06-17-2006, 06:18 AM   #11
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2005
Posts: 5,408
Re: As God is my witness, I will never be in

if you have been in the markets for quite a while now we all forget when the markets dropping that if we werent in the markets we would be no where the amounts we are at even after a major plunge.......
i have 2 friends who just retired from the nyc board of ed after 30+ years..the teachers could elect how they wanted their money invested ..well aaron never wanted to put any money at risk or took an interest in where his money was invested..he always used to tell my friend joe you know we all earn about the same,we will all work as long ,we will retire with about the same thing.well aaron retired with 195,000 from his cd's and money markets,,,joe who always stayed invested retired with 1.2 million......needless to say aaron will still be working some bimmy job struggling now
__________________
mathjak107 is offline   Reply With Quote
Re: As God is my witness, I will never be in
Old 06-17-2006, 07:14 AM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 8,615
Re: As God is my witness, I will never be in

My what short memories we have!

Last year, I believe OAP was ticked that his assets went down by 2% about this time. I believe he even reduced his stock market exposure then. Since then, the one-year return of an internationally diversified stock equity portfolio was about 10% and money market funds returned under 4%. So take your pick or mix and match to get somewhere in-between 4% and 10%.

Risk is a personal thing, so I can see why God wants to stay 100% invested ... she has many years to go and knows the future anyways.
__________________
LOL! is offline   Reply With Quote
Re: As God is my witness, I will never be in
Old 06-17-2006, 07:25 AM   #13
Thinks s/he gets paid by the post
2B's Avatar
 
Join Date: Mar 2006
Location: Houston
Posts: 4,330
Re: As God is my witness, I will never be in

So far, this hasn't been anything but a little market fluxuation. Now 1987 was a drop. So was 2000. No "credible" diversified portfolio has fallen 8 or 9% since a sharp peak in early May. I'm "aggressive" and am only down 6%.\

OAP -- if this bothers you, you need to stop listening to the financial news and checking your stock prices.
__________________
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius
2B is offline   Reply With Quote
Re: As God is my witness, I will never be in
Old 06-17-2006, 07:49 AM   #14
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2005
Posts: 5,408
Re: As God is my witness, I will never be in

im down about 6% from my all time high.......im still up overall for the year by about 3%...still beating a money market for the overall 1 year
__________________
mathjak107 is offline   Reply With Quote
Re: As God is my witness, I will never be in
Old 06-17-2006, 07:52 AM   #15
Full time employment: Posting here.
 
Join Date: Dec 2004
Posts: 714
Re: As God is my witness, I will never be in

OAP, for an interesting choice in minimalist housing, see http://biz.yahoo.com/weekend/mini_1.html.

AZ is beautiful ... consider the mountains in SE AZ, or in N AZ (Mogollon Rim country, Flagstaff, etc.) ... more water there, pine forests, cooler and capable of growing what you want. *Search "Rim Country AZ" on the 'net.

Glad God is finally here. *Now we can really get some rebalancing advice. *
__________________
Craig is offline   Reply With Quote
Re: As God is my witness, I will never be in
Old 06-17-2006, 08:14 AM   #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
Re: As God is my witness, I will never be in

If I remember right, OAP once said he had a 2 million porfolio which means he must have 800k in his 401k account. That being the case he would have 40% in the market. Thats a pretty good balance for most in their mid 50's.

OAP, am I correct on the above?
__________________
Retired 3/31/2007@52
Full time wuss.......
Dawg52 is offline   Reply With Quote
Re: As God is my witness, I will never be in
Old 06-17-2006, 08:32 AM   #17
Thinks s/he gets paid by the post
 
Join Date: May 2005
Location: Texas
Posts: 1,038
Re: As God is my witness, I will never be in

Quote:
Originally Posted by Charles
OAP, for an interesting choice in minimalist housing, see http://biz.yahoo.com/weekend/mini_1.html.

AZ is beautiful ... consider the mountains in SE AZ, or in N AZ (Mogollon Rim country, Flagstaff, etc.) ... more water there, pine forests, cooler and capable of growing what you want. Search "Rim Country AZ" on the 'net.

Glad God is finally here. Now we can really get some rebalancing advice.
800 sq feet for $160,000? I won't be buying one. Thats more than my 1800 sq ft house is worth.
__________________
In theory, theory and practice are the same. In practice, they are not.
Lazarus is offline   Reply With Quote
Re: As God is my witness, I will never be in
Old 06-17-2006, 09:44 AM   #18
Full time employment: Posting here.
 
Join Date: Feb 2004
Location: Okanagan Valley
Posts: 805
Re: As God is my witness, I will never be in

Quote:
Originally Posted by Lazarus
800 sq feet for $160,000? I won't be buying one. Thats more than my 1800 sq ft house is worth.
Crossthreading, are we?
__________________
AltaRed is offline   Reply With Quote
Re: As God is my witness, I will never be in
Old 06-17-2006, 09:53 AM   #19
Full time employment: Posting here.
Alex's Avatar
 
Join Date: May 2006
Posts: 696
Re: As God is my witness, I will never be in

People like OAP are why insurance companies are so profitable. Fear. So OAP, whaddya gonna do when you get a flat tire on your new Hummer? Sell it?! lol.....
__________________
Oh, you hate your job? Why didn't you say so? There's a support group for that. It's called EVERYBODY, and they meet at the bar.--Drew Carey
Alex is offline   Reply With Quote
Re: As God is my witness, I will never be in
Old 06-17-2006, 10:01 AM   #20
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: As God is my witness, I will never be in

Quote:
Originally Posted by LOL!
Risk is a personal thing, so I can see why God wants to stay 100% invested ... she has many years to go and knows the future anyways.
I'm pretty sure that even god doesnt know what the future holds for the financial markets

But she's probably feeling pretty secure knowing where all the gold is that we havent found yet
__________________

__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny 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
More Lawyer Love... mickeyd Other topics 0 02-09-2007 06:21 PM
My God, Your God, or No God...Oh, God... Michael Other topics 310 09-02-2005 05:21 PM
MOVED: My God, Your God, or No God...Oh, God... REWahoo FIRE and Money 0 08-11-2005 03:36 PM
My God, Your God, or No God...Oh, God... Cal FIRE and Money 0 08-03-2005 09:23 PM

 

 
All times are GMT -6. The time now is 10:44 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.