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Dow over 28,000!
Old 11-15-2019, 05:48 PM   #1
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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.
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Old 11-15-2019, 05:51 PM   #2
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Don’t say it ...
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Old 11-15-2019, 05:51 PM   #3
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Uh oh!
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Old 11-15-2019, 05:52 PM   #4
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Well...unless you sell, it is all imaginary gains.
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Old 11-15-2019, 05:54 PM   #5
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Here we go again! Well, I was looking for a buying opportunity.
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Old 11-15-2019, 05:58 PM   #6
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I didn't say it! I didn't say it!!!
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Old 11-15-2019, 05:58 PM   #7
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rebalance rebalance !!!
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Old 11-15-2019, 06:07 PM   #8
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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...
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Old 11-15-2019, 06:07 PM   #9
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Old 11-15-2019, 06:10 PM   #10
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Well...unless you sell, it is all imaginary gains.
Better than imaginary losses eh?
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Old 11-15-2019, 06:13 PM   #11
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Better than imaginary losses eh?
Yeah!!! What he said!!!

The day I retired (11/9/2009), the Dow was 10,227. Now it is 28,005. Whew, stratospheric!
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Old 11-15-2019, 06:21 PM   #12
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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".
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Old 11-15-2019, 06:24 PM   #13
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28,000 means we go to 30,000 before we drop
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Old 11-15-2019, 06:24 PM   #14
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Today is an all time high for me too. Better than my all time low last Dec.
That's great!!! It's such a good feeling to see these record breaking high numbers finally showing up.

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W2R - good thing you didn't have a typo on "Whew".
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.
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Old 11-15-2019, 06:27 PM   #15
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28,000 means we go to 30,000 before we drop
Or maybe 50,000!!
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Old 11-15-2019, 06:28 PM   #16
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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!
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Old 11-15-2019, 06:29 PM   #17
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Don’t say it ...
My first reaction when I saw the post.
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Old 11-15-2019, 06:37 PM   #18
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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...
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Old 11-15-2019, 06:40 PM   #19
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We are at about 72% equities (retired, but age 49 - 50) I feel happy but scared.
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Old 11-15-2019, 07:24 PM   #20
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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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