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08-08-2011, 06:55 PM
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#41
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Full time employment: Posting here.
Join Date: Dec 2010
Posts: 746
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Quote:
Originally Posted by REWahoo
Plus you get gloating rights on days like today, eh?
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Makes up for all the sleepless nights I had... the 1,000 point drop last year (trader error?) was the final straw.
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08-08-2011, 07:09 PM
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#42
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Thinks s/he gets paid by the post
Join Date: Sep 2009
Location: Hong Kong
Posts: 1,688
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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
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.....
__________________
Budgeting is a skill practised by people who are bad at politics.
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08-08-2011, 08:02 PM
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#43
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Thinks s/he gets paid by the post
Join Date: Aug 2010
Posts: 1,440
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Have gone from a YTD +5.94% as of last Friday to a -1.24% today.
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08-08-2011, 08:18 PM
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#44
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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Quote:
Originally Posted by Lisa99
Have gone from a YTD +5.94% as of last Friday to a -1.24% today.
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It happens to many of us.
__________________
May we live in peace and harmony and be free from all human sufferings.
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08-08-2011, 08:30 PM
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#45
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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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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08-08-2011, 08:37 PM
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#46
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Thinks s/he gets paid by the post
Join Date: Aug 2010
Posts: 1,440
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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 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.
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08-08-2011, 08:37 PM
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#47
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Full time employment: Posting here.
Join Date: Jan 2011
Posts: 586
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Quote:
Originally Posted by LOL!
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.
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08-08-2011, 09:05 PM
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#48
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Full time employment: Posting here.
Join Date: Dec 2010
Posts: 746
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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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08-08-2011, 09:21 PM
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#49
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Thinks s/he gets paid by the post
Join Date: Apr 2011
Location: Madison
Posts: 1,337
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Quote:
Originally Posted by East Texas
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.
__________________
Wild Bill shoulda taken more out of his IRA when he could have. . . .
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08-08-2011, 10:19 PM
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#50
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Full time employment: Posting here.
Join Date: Aug 2007
Posts: 585
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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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08-09-2011, 03:58 AM
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#51
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Full time employment: Posting here.
Join Date: Dec 2010
Posts: 746
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Quote:
Originally Posted by dtbach
If you don't play, you can't win! Hope inflation doesn't eat you alive in 10 years.
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Now, let's think about that statement. We're guaranteed 4% a year on the IRAs, which has been the target earnings rate in my planning scenarios. Because we are debt-free and able to live below our means, we can live on pensions OR IRA/SPIA income OR social security. Pensions and social security have an inflation factor.
We both have retiree health insurance and LTC. I can't say all the bases are covered; however, multiple versions of the financial plan tell me we're OK. I've even figured in a surviving spouse in the scenarios.
I'm not bragging at all... I took a hard hit in 2008 and it took patience and time to stabilize that part of our plan. I'll never go through that again.
The difference now is I can sleep at night....and that, my friend, IS priceless.
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08-09-2011, 04:55 AM
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#52
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Recycles dryer sheets
Join Date: Apr 2010
Location: Green Valley
Posts: 245
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Quote:
Originally Posted by East Texas
Now, let's think about that statement. We're guaranteed 4% a year on the IRAs, which has been the target earnings rate in my planning scenarios. Because we are debt-free and able to live below our means, we can live on pensions OR IRA/SPIA income OR social security. Pensions and social security have an inflation factor.
We both have retiree health insurance and LTC. I can't say all the bases are covered; however, multiple versions of the financial plan tell me we're OK. I've even figured in a surviving spouse in the scenarios.
I'm not bragging at all... I took a hard hit in 2008 and it took patience and time to stabilize that part of our plan. I'll never go through that again.
The difference now is I can sleep at night....and that, my friend, IS priceless.
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Perhaps I missed it somewhere but how is it that you've got a 4% guaranteed return and a 2% bonus (so 6% return total)? Sounds outstanding
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08-09-2011, 05:25 AM
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#53
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Full time employment: Posting here.
Join Date: Mar 2009
Posts: 728
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I have a conservative portfolio and the portion invested in stocks and equity funds are for very long term, so am not too bothered to accurately count the losses now. On an estimate, I think it is around 3% loss of total portfolio.
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08-09-2011, 05:39 AM
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#54
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Full time employment: Posting here.
Join Date: Dec 2010
Posts: 746
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Quote:
Originally Posted by JBmadera
Perhaps I missed it somewhere but how is it that you've got a 4% guaranteed return and a 2% bonus (so 6% return total)? Sounds outstanding
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At the time we moved our 401k funds over to a USAA Flexible Savings Annuity IRA we got a 2% bonus on the rollover amount and have a guaranteed 4% annual earnings compounded daily. We missed the 3% bonus and the higher interest rates by a few months (darn it!); but, are glad not to have to worry about it any more. (ETA: The first year was even better that 6% (2% bonus and 4% annual earnings) since the bonus was applied up front and got the full annual benefit of the compounded interest.)
That being said, the bonus and the annual rate have fallen since then. Bummer. (ETA: did not impact us - only new folks).
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08-09-2011, 06:37 AM
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#55
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2007
Posts: 5,072
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I have not calculated it. The last time I looked at the exact amount was in May.
All of the "go away in May" talk.... got me a little worried (since I was getting ready to FIRE I was a little sensitive to such talk) so I took the opportunity to rebalance at that time to capture some of my gains! Glad I did now... But back then... when the market marched up... I felt a little regret not letting it ride a bit longer.
But I roughly estimate that we are down... ooooooh, maybe about 2% to 2.5% for the year.
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08-09-2011, 07:35 AM
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#56
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 1,691
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I'm back to where I was about a year ago, minus contributions,
Ni modo, así es la vida.
TJ
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08-09-2011, 09:02 AM
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#57
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Thinks s/he gets paid by the post
Join Date: Oct 2006
Posts: 4,629
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My biggest holding is a TIPS fund. It's been doing just fine in spite of the downgrade.
OTOH, for the first time in my life I think there is a non-zero chance that the US could actually default on those bonds.
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08-09-2011, 09:39 AM
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#58
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Quote:
Originally Posted by Independent
My biggest holding is a TIPS fund. It's been doing just fine in spite of the downgrade.
OTOH, for the first time in my life I think there is a non-zero chance that the US could actually default on those bonds.
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Don't even consider it. It will not happen. There will be no default by any nation with a printing press.
I have no idea where th estock market is going, or what interest rates will be, but no default is a mortal lock.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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08-09-2011, 10:53 AM
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#59
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gone traveling
Join Date: Sep 2003
Location: DFW
Posts: 7,586
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Quote:
Originally Posted by Independent
My biggest holding is a TIPS fund. It's been doing just fine in spite of the downgrade.
OTOH, for the first time in my life I think there is a non-zero chance that the US could actually default on those bonds.
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My tip etf has done reasonably well also, however, if interest rates rise due to the downgrade and with potential for additional downgrades, tips could get wacked.
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08-09-2011, 11:31 AM
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#60
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
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I took a big hit! Oh, wait, you were talking about the market, not a bong...
__________________
Have Funds, Will Retire
...not doing anything of true substance...
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