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11-15-2019, 04:48 PM
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#1
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,467
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Dow over 28,000!
It's hard to believe, but at closing today the Dow is 28,005 and the S&P is at 3,120 . Seems so amazing.
But before you all "poo poo" my excitement, look at your portfolio balance. In my case, my portfolio is at its all time high (again) today. Also it is 145% of what it was when I retired ten years and six days ago, despite living on it. During that time the CPI only went up a little over 16% so most of this gain is real. During most of those ten years I didn't have SS to lean on like I do now, so who knows what the future may bring.
It would have been nice if I had had two cents to rub together when I was younger, or even middle aged. But then, maybe it's just as well since I did learn to LBYM by not having much.
Well, I just wanted to make all of you fine people smile and feel happy.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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11-15-2019, 04:51 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: The Beautiful Blue Ridge Mountains
Posts: 2,778
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Don’t say it ...
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11-15-2019, 04:51 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: Jan 2006
Location: Rio Grande Valley
Posts: 37,931
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Uh oh!
__________________
Retired since summer 1999.
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11-15-2019, 04:52 PM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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Well...unless you sell, it is all imaginary gains.
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11-15-2019, 04:54 PM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2008
Posts: 12,566
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Here we go again! Well, I was looking for a buying opportunity.
__________________
If you understood everything I say, you'd be me ~ Miles Davis
'There is only one success – to be able to spend your life in your own way.’ Christopher Morley.
Even a blind clock finds an acorn twice a day.
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11-15-2019, 04:58 PM
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#6
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,467
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I didn't say it! I didn't say it!!!
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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11-15-2019, 04:58 PM
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#7
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Recycles dryer sheets
Join Date: Mar 2016
Location: SoCal
Posts: 353
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rebalance rebalance !!!
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11-15-2019, 05:07 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: Apr 2012
Posts: 6,097
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Okay, everybody sell some equities NOW, and don't buy any equities!!! Because, you know, as soon as you sell the market goes up, and as soon as you buy the market goes down. At least that is what happens to me...
__________________
FIREd date: June 26, 2018 - "This Happy Feeling, Going Round and Round!" (GQ)
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11-15-2019, 05:07 PM
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#9
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,467
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__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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11-15-2019, 05:10 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: Mar 2016
Posts: 8,968
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Better than imaginary losses eh?
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11-15-2019, 05:13 PM
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#11
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,467
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Quote:
Originally Posted by RobbieB
Better than imaginary losses eh?
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Yeah!!! What he said!!!
The day I retired (11/9/2009), the Dow was 10,227. Now it is 28,005. Whew, stratospheric!
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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11-15-2019, 05:21 PM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,197
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Today is an all time high for me too. Better than my all time low last Dec.
W2R - good thing you didn't have a typo on "Whew".
__________________
TGIM
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11-15-2019, 05:24 PM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 5,991
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28,000 means we go to 30,000 before we drop
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11-15-2019, 05:24 PM
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#14
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,467
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Quote:
Originally Posted by Dtail
Today is an all time high for me too. Better than my all time low last Dec.
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That's great!!! It's such a good feeling to see these record breaking high numbers finally showing up.
Quote:
Originally Posted by Dtail
W2R - good thing you didn't have a typo on "Whew".
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Eek, I didn't even notice that I used a "W" word. I'm not actually sure but I don't think that "Whew" would have the same effect as that other word.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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11-15-2019, 05:27 PM
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#15
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,467
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Quote:
Originally Posted by Fermion
28,000 means we go to 30,000 before we drop
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Or maybe 50,000!!
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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11-15-2019, 05:28 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: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,204
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Made me look... DJIA was ~12,218 when I retired at the end of 2011... 28,000 today is much better than I would have thought.... based on my retirement date assumptions I would have thought it would be 16,000 by now, but not 28,000...wow!
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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11-15-2019, 05:29 PM
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#17
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Thinks s/he gets paid by the post
Join Date: Dec 2014
Location: St. Charles
Posts: 3,891
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Quote:
Originally Posted by GalaxyBoy
Don’t say it ...
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My first reaction when I saw the post.
__________________
If your not living on the edge, you're taking up too much space.
Never slow down, never grow old!
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11-15-2019, 05:37 PM
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#18
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,148
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I was wondering if W2R would say the Wh__ word at today’s close.
The rest of you made me look, when I retired the DJIA was 12261.42. Needless to say our nest egg is up substantially, and our equity allocation is the lowest ever, since we’ve “won the game.” Life is good, risk is lower...
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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11-15-2019, 05:40 PM
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#19
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 5,991
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We are at about 72% equities (retired, but age 49 - 50) I feel happy but scared.
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11-15-2019, 06:24 PM
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#20
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 2,525
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Thank you W2R made me look. Dow Jones was 8341.63 on my retirement date of 12/31/2002. Lets see today's 28004.89/8341.63 = 335.72% a compound annual rate of about 7.38%. The amazing thing is that this is a "normal" rate of return given our economy's growth since then.
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