How bad a hit did you take this week ?

I'm not retired yet. I have a very aggressive portfolio. From Monday, I am down about 13% but still up 8% for the year. So... it hurts. I've made a few buy mistakes on the drop... but I haven't made any sell mistakes. Still confident in my individual holdings. Just hope our country doesn't get too much in the way of the businesses trying to make money here.
 
frayne said:
Don't know, don't care and ain't looking, just a bump on the road is all.
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I find it hard to believe that someone would not care if they lost money. I think its more than a bump in the road. The country is in really sad shape. It will take some time before we recover. This is not something that started yesterday.
 
oldtrig said:
I find it hard to believe that someone would not care if they lost money. I think its more than a bump in the road. The country is in really sad shape. It will take some time before we recover. This is not something that started yesterday.
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True but I have little to no control over the events that shape the market ups and downs, so I really don't worry about it. I don't like losing money any more than the next guy but I'm sure not going to let it keep me awake at night. I have a plan and a diverse portfolio, if things go bad and stay bad for a long period of time (3-5 years), then I might be concerned but as of right now, don't know how much I am down and don't care, I'm staying the course and not doing some stupid emotional kneejerk reaction that I would surely regret later down the line. Been through worse and as I said, just a bump in the road. My two cents and YMMV.
 
If you lose to much then get a golf game that you can win:D
I see that you like to play. I have been at it for 40 years and still play today. Down to a 7 handicap and hope to get it lower. The young guns still play me and most I can beat. Good luck . Tom
 
At 60 my golf game has gone south never to return to the days of the three hundred yard drives (counting roll of course), short game still pretty decent. Actually just don't have the passion for the game I once had due to the inability to play the way I used to. But I still have many other hobbies to take up the slack.
 
Down 7% last week, down 3% for the year, up 10% for the last 12 months. Currently moving some money from cash/bond funds to stock funds.
 
I know that I am down for the year. I am going to exclude my investments from my mint account, so I won't have to look at the carnage daily. My current mix is 45/55. I have my investments all in index funds. I think it is better for my mental health not to focus on the day to day swings, and just look quarterly or half yearly. Meanwhile I will try to keep my burn rate as low as possible.
 
We moved everything over to USAA last year in order to quit worrying about the market. We came in a little late on the IRAs and only got a 4% guaranteed rate and a 2% bonus.

At least I can sleep at night.... priceless....

For those of you following the S&P downgrade USAA's response to S&P downgrade
 
East Texas said:
We moved everything over to USAA last year in order to quit worrying about the market. We came in a little late on the IRAs and only got a 4% guaranteed rate and a 2% bonus.

At least I can sleep at night.... priceless....
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Plus you get gloating rights on days like today, eh?
 
freebird5825 said:
My Aug 2 response to YTD Performance Poll thread:
5.36 Total Return YTD according to M* portfolio manager
AA 31/63/6


As of Friday Aug 5, still hanging tough at 3.87% total return YTD per M* portfolio manager.
AA shifted slightly to 28/66/6. No big deal, it will eventually readjust itself back to my desired target of roughly 35/60/5. :D
No active rebalancing is planned.
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1.88% Total Return per M* portfolio manager as of Aug 8
AA now at 27/67/6, no intervention on my part

Tough market even for Miss Chicken Feathers :-\
 
Losses on equities this year now exceed net rental income and FX gains by a big enough margin to put plans to FIRE in early 2012 in doubt :sick:

Of course, my contract also runs out at the end of this year, so it's not a given that I will still have a job then anyway.....
 
Have gone from a YTD +5.94% as of last Friday to a -1.24% today.
 
For the first time in my life, I lost a 6-figure amount in just one day. I'm feeling proud of that accomplishment. :)
 
LOL! said:
For the first time in my life, I lost a 6-figure amount in just one day. I'm feeling proud of that accomplishment. :)
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To have enough to be able to lose 6-figures in one day is quite the accomplishment...but the actual losing of it:confused: I'd be sick to my stomach!

It reminds me of the story that Annie Dukes (a pro poker player) tells about the first time she lost > $1,000,000 of her own money in a single poker session. She said she was sick for days...but now it's just one of those things that happens on occasion.
 
LOL! said:
For the first time in my life, I [-]lost a[/-] am down 6-figure amount in just one day. I'm feeling proud of that accomplishment. :)
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I will join the "down 100k day" club if you start one.
 
I took the six figure dive in 2008. I didn't like it then and I'm confident I wouldn't like it now. I'm just glad not to be a player in today's market.
 
East Texas said:
I took the six figure dive in 2008. I didn't like it then and I'm confident I wouldn't like it now. I'm just glad not to be a player in today's market.
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If you don't play, you can't win! Hope inflation doesn't eat you alive in 10 years.
 
I sold 60% of my stock mutual funds 2 weeks ago when S&P was around 1300....and then the rest of it last Friday. At the end of today my gut feeling to get out of the market has saved me about $26,000 in additional losses. Feels good. I've been on both sides of this type of market having ridden the market down in 2008 and back up again and I definitely prefer being out of the market now.
 
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