Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
How bad a hit did you take this week ?
Old 08-06-2011, 06:18 AM   #1
Thinks s/he gets paid by the post
 
Join Date: Jun 2010
Location: France
Posts: 1,195
How bad a hit did you take this week ?

I update "the spreadsheet" (you know the one I mean) twice-weekly. Last time was Tuesday, August 2. You know, the day when we all breathed a sigh of relief because Congress had decided not plunge the markets and the entire financial system into turmoil.

So I just did my Saturday update. It was kind of like peeking out from under the blankets to see if the baddies have gone, but I took a deep breath...

Actually, it wasn't too bad. The CAC40 (headline French stock index) is off 15% from ten days ago, and with 50% in stocks, I'm down 3.6% in Euros (6% in US$) over the same period. Not fun, but not cat food time yet. I guess that I'm getting some benefit out of my international diversification, which has been a one-way downward bet over the last year as the US$ has dropped.
__________________

__________________
Age 56, retired July 1, 2012; DW is 60 and working for 2 more years. Current portfolio is 2000K split 50 stocks/20 bonds/30 cash. Renting house, no debts.
BigNick 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!

Old 08-06-2011, 07:18 AM   #2
Thinks s/he gets paid by the post
grumpy's Avatar
 
Join Date: Jul 2004
Posts: 1,321
Total portfolio is down 4.5% from one week ago.
__________________

__________________
...you can check out any time you like, but you can never leave...
grumpy is offline   Reply With Quote
Old 08-06-2011, 07:21 AM   #3
Thinks s/he gets paid by the post
obgyn65's Avatar
 
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
My portfolio (CDs, municipal bonds, money market or equivalent) is right on track - about 3.5% for the year.
__________________
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
obgyn65 is offline   Reply With Quote
Old 08-06-2011, 07:28 AM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
freebird5825's Avatar
 
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,017
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.
No active rebalancing is planned.
__________________
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
freebird5825 is offline   Reply With Quote
Old 08-06-2011, 07:30 AM   #5
Full time employment: Posting here.
BTravlin's Avatar
 
Join Date: May 2010
Posts: 994
Down 3.4% for the week on a 60/40 AA.
__________________
Wherever you go, there you are.
(In other words, no whining!)
BTravlin is offline   Reply With Quote
Old 08-06-2011, 07:44 AM   #6
Thinks s/he gets paid by the post
frayne's Avatar
 
Join Date: Oct 2002
Location: 19th Hole
Posts: 2,529
Don't know, don't care and ain't looking, just a bump on the road is all.
__________________
A totally unblemished life is only for saints.
frayne is online now   Reply With Quote
Old 08-06-2011, 07:45 AM   #7
gone traveling
 
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
Not as bad as one day in 1987 when I lost 25+% in one day (more than the -22.61% average for the day, let alone the week).

Of course in strict dollar losses (regardless of inflation), today's look a bit more scary because of the amounts posted.

I learned a good lesson - although I didn't realize it at the time. I sold nothing (no need to, my income came from my j*b) and continued to invest these many years.

Those with little time in the market (and I refer to "little", as less than 20 years) may be scared (same as I was, back then) but in the end, it taught me a good lesson about not letting short term market drops rule your future.

Additional "teachable moments" were the 2008-09 downturn (after I was already retired), when I learned to "harvest" my gains in a more timely manner, rather than just at one point of the year. That lesson suited me well, as I sold off a good bit earlier this year (several times, during the run-up) to add to my cash bucket.

IMHO, you learn little from the "good times". You need to suffer a few losses along the way to come up with a solid plan that works for you...
__________________
rescueme is offline   Reply With Quote
Old 08-06-2011, 08:20 AM   #8
Recycles dryer sheets
ikubak's Avatar
 
Join Date: Dec 2007
Posts: 389
Don't want to look....I'll wait until the end of the month.
__________________
Retire date Jan. 5, 2018
ikubak is offline   Reply With Quote
Old 08-06-2011, 08:22 AM   #9
Thinks s/he gets paid by the post
73ss454's Avatar
 
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,378
On the last big down turn it made me sick watching my port every day. I made my mind up after that mess not to look every day and just ride the down turns out. So I haven't looked in weeks.
__________________
Work is something you do to get enough $ so you don't have to....Me.
73ss454 is offline   Reply With Quote
Old 08-06-2011, 08:25 AM   #10
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: 42,078
Quote:
Originally Posted by 73ss454 View Post
On the last big down turn it made me sick watching my port every day. I made my mind up after that mess not to look every day and just ride the down turns out. So I haven't looked in weeks....and have focused my time applying for SS benefits.
Fixed it for ya...
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 08-06-2011, 08:27 AM   #11
Thinks s/he gets paid by the post
73ss454's Avatar
 
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,378
Quote:
Originally Posted by REWahoo View Post
Fixed it for ya...
Not yet, but I'm on the cusp.
__________________
Work is something you do to get enough $ so you don't have to....Me.
73ss454 is offline   Reply With Quote
Old 08-06-2011, 09:35 AM   #12
Recycles dryer sheets
 
Join Date: May 2007
Posts: 371
I'm sure none of us took as big a hit as Slim....

Slim Loses $6.7 Billion This Week as Mexican Holdings Fall - Bloomberg
__________________
novaman is offline   Reply With Quote
Old 08-06-2011, 10:18 AM   #13
Moderator Emeritus
 
Join Date: May 2007
Posts: 11,036
I am down 1.7% for the week (in US$). Fairly conservative portfolio at the moment (around 30% in equity).
__________________
FIREd is online now   Reply With Quote
Old 08-06-2011, 10:33 AM   #14
Moderator Emeritus
Bestwifeever's Avatar
 
Join Date: Sep 2007
Posts: 16,373
Quote:
Originally Posted by novaman View Post
I'm sure none of us took as big a hit as Slim....

Slim Loses $6.7 Billion This Week as Mexican Holdings Fall - Bloomberg
And updated this morning, he's down to -$8 billion!

World Richest Man Carlos Slim Takes $8 Billion Hit As US Economy Takes Down Mexico Holdings | Markets | Minyanville.com
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
Bestwifeever is offline   Reply With Quote
Old 08-06-2011, 10:39 AM   #15
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,424
I am down 1% for the week and up 3% YTD. Remembering back to some days in '02 and again in '08, this seems like a stroll in the park. Of course, it felt like that then as well, before things went sour.

This is like a roller-coaster. No matter how many times you ride it, you get that same feeling in the stomach when the car reaches the top and begins the free-fall. The feeling never goes away, you just learn to enjoy it - or take another ride.
__________________
MichaelB is offline   Reply With Quote
Old 08-06-2011, 10:54 AM   #16
Thinks s/he gets paid by the post
GregLee's Avatar
 
Join Date: Oct 2010
Location: Waimanalo, HI
Posts: 1,881
I don't keep day-to-day track of most things. My equity mutual fund IRA is down 8.2% since June 30 and down 5% since January.
__________________
Greg (retired in 2010 at age 68, state pension)
GregLee is offline   Reply With Quote
Old 08-06-2011, 11:03 AM   #17
Thinks s/he gets paid by the post
 
Join Date: Nov 2005
Location: North of Montana
Posts: 2,753
I can suffer through another week or two before I rejoin the club.
__________________
There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
kumquat is offline   Reply With Quote
Old 08-06-2011, 11:22 AM   #18
Thinks s/he gets paid by the post
DFW_M5's Avatar
 
Join Date: Sep 2003
Posts: 4,982
Down 1.2% for the week, still up 2% for the year. MLP and RE got hit hard. Increased my cash position further to 50%. This economy has seemed very fragile to me since April and I don't see any sustainable improvement any time soon.
__________________
DFW_M5 is offline   Reply With Quote
Old 08-06-2011, 11:37 AM   #19
Full time employment: Posting here.
Coolius's Avatar
 
Join Date: May 2010
Posts: 681
Down about 2% since the decline started. I am right at about breakeven YTD.

Interesting to see that the forum has a "lost a million" club. Right now, happy to say I am NOT a member, but considering unrealized losses in real estate ( My home ), big losses in 2008/2009, plus a large loss due to unwise speculation in 2004, I am slightly more than halfway there.
__________________
Coolius is offline   Reply With Quote
Old 08-06-2011, 11:56 AM   #20
Thinks s/he gets paid by the post
Rustward's Avatar
 
Join Date: Apr 2006
Posts: 1,572
Quote:
Originally Posted by kumquat View Post
I can suffer through another week or two before I rejoin the club.
How much are you worth?
__________________

__________________
Rustward 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
Anybody have bad dreams about work? donheff Other topics 39 08-15-2011 08:40 PM
Reached FI this week, will fire ourselves in 2012 Gettingalife Hi, I am... 15 08-11-2011 04:05 AM

 

 
All times are GMT -6. The time now is 08:06 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.