Originally Posted by audreyh1
In "fairness" it sounds like the FA doesn't count it as a "big" down year unless it's down at least 15%. So 2000 wouldn't have counted. But maybe at the end of 2001, the two years combined were well over 20% so perhaps the first allocation shift would have happened at the end of 2001, and the second at the end of 2002.
But I think most investors would feel a pinch from a down 9% year like 2000. I remember at the end of 2002 it seemed to most investors as if the world was coming to an end!!!
Especially us 1999 retirees!!!
Amen to that!. I ER'd at the end of 2002 and quite frankly at first I thought maybe I'd leaked all my antifreeze. As it turned out it was a great time to ER as the market pretty much went straight up for the next 5 years - up a bit too much as it turned out...but that's another story.