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Old 11-13-2008, 01:31 PM   #61
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Screw it, I'm going down with the ship.
Funny you should mention that, I talked to another advisor today I know. His comment?:

"I feel like I'm a member of the band playing on the deck of the Titanic".......
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Old 11-13-2008, 01:46 PM   #62
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Originally Posted by Helena View Post
To some people buy and hold may be the 11th commandment,
but not to me.

I sold high last year before I retired, so I am making money
not losing money in this current stock market crisis.

btw... the DOW just now dipped into the 7000s.


~
I hope you are going to church every Sunday and thanking God that you are not a year younger and that you had a retirement plan that involved the markets and not a savings account. You are very lucky.

By the way, the Dow is just under 8500.
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Old 11-13-2008, 01:52 PM   #63
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President Obama please know that I continue to cling to my guns and religion --- and I got me a second name off a tombstone out back in the tool shed --- if you need two votes I'm there for ya man!

I saw the light --- I like the Johnny Cash version - but here's a left handed version of buy and hold is dead:

Wellington fund started right before the big drop in 1929. And of of course pssst Wellesley 1970 in time for the little 73/74 dip.

Now I have the 'new modern version' Target Retirement auto rebalance, auto adjust of asset classes as time marches on.

'God Looks, After Drunkards, Fools and The United States of America.'

Of course sometimes she takes her time.

heh heh heh - sooo I've bought and holding a wiggly one - a lifecycle fund that is moving and grooving while I hold it. . Geaux Saint's(next year fer sure) and don't rile me or I'll quote you some SEC yields. .
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Old 11-13-2008, 01:55 PM   #64
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What a ride.....weeeeeeeeeeeeeee!!!!

Down 3%.....Now up 2%!!!!
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Old 11-13-2008, 01:56 PM   #65
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I wish y'all would quit quoting her so my ignore list would work.
Ignore her? Heck, I want to marry her. She's got lots of cd's.
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Old 11-13-2008, 01:59 PM   #66
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Talking about SEC yields, mine is getting real close to 4.5% overall!
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Old 11-13-2008, 02:00 PM   #67
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Ignore her? Heck, I want to marry her. She's got lots of cd's.
She got CD's, you got stocks. Together, a nice balanced portfolio.
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Old 11-13-2008, 02:10 PM   #68
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President Obama please know that I continue to cling to my guns and religion --- and I got me a second name off a tombstone out back in the tool shed --- if you need two votes I'm there for ya man!

I saw the light --- I like the Johnny Cash version - but here's a left handed version of buy and hold is dead:

Wellington fund started right before the big drop in 1929. And of of course pssst Wellesley 1970 in time for the little 73/74 dip.

Now I have the 'new modern version' Target Retirement auto rebalance, auto adjust of asset classes as time marches on.

'God Looks, After Drunkards, Fools and The United States of America.'

Of course sometimes she takes her time.

heh heh heh - sooo I've bought and holding a wiggly one - a lifecycle fund that is moving and grooving while I hold it. . Geaux Saint's(next year fer sure) and don't rile me or I'll quote you some SEC yields. .
It took over two years, but I have FINALLY ARRIVED. unclemick used one of my sig lines in his post. Thank you, kind oracle........
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Old 11-13-2008, 02:16 PM   #69
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It took over two years, but I have FINALLY ARRIVED. unclemick used one of my sig lines in his post. Thank you, kind oracle........
See - it's not only CFB I quote/mis quote/plagerize - well you know what I mean.

BTW - it's a great line and I never lived in Pensylvannia.

heh heh heh - we need all the humor we can muster - I think this is going to be a rather long rough patch.
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Old 11-13-2008, 02:55 PM   #70
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Funny you should mention that, I talked to another advisor today I know. His comment?:

"I feel like I'm a member of the band playing on the deck of the Titanic".......

Don't worry folks if we don't play your favorite tonight we'll get to it tomorrow.
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Old 11-13-2008, 03:28 PM   #71
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most folks are not good at assessing their risk tolerance ... when the market is up, it's easy to be a risk taker, but when the market turns, many then decide they should be more conservative (though a bit too late) . the past record suggests we should expect the market to tank up to 50% occasionally ... it's no secret!
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Old 11-13-2008, 04:01 PM   #72
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I'm not bailing out - I'm planning to live off my salary while I'm still working (3 years), then cash for 4 years, then proceeds from real estate investments for 3 years, until my equities reach an all time high (hopefully in 10 years or so), and then start tapping them.
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Old 11-13-2008, 04:10 PM   #73
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I hope you are going to church every Sunday and thanking God that you are not a year younger and that you had a retirement plan that involved the markets and not a savings account. You are very lucky.

By the way, the Dow is just under 8500.
Do you look anything like your avatar?
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Old 11-13-2008, 04:18 PM   #74
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It took over two years, but I have FINALLY ARRIVED. unclemick used one of my sig lines in his post. Thank you, kind oracle........
I stole it first...

I'm hoping someday to receive my very own curmudgeon certificate, even if it's on a piece of sawed-off toilet paper...
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Old 11-13-2008, 09:43 PM   #75
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I'm just riding the tiger. Best hang on tight where ever it decides to go.
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Old 11-13-2008, 10:36 PM   #76
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Maybe it's just the circles I run in (I'm a Professor), but I've barely heard a peep from others about the market. Of course, my peers generally have very secure jobs and an excellent pension to look forward to (at least unless they retire early). None of them are showing the least bit of concern, much less panic.

The only people around me that seem interested are my graduate students. I don't quite know what that means, except that most of them are impatient to become rich by the time they are 24 at the latest. I saw a free thin magazine put out for student consumption on finance and the stock market. It was chock full of fluffy pieces of net-worth porn and hip young get-rich-quick Masters of the Universe put out as role models to hook students in: "I made $2M in the markets while still a freshman, and I'm doubling my money every 90 days!" Utter trash.
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Old 11-13-2008, 11:08 PM   #77
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I think this cartoon says it all for today.

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Old 11-14-2008, 11:50 AM   #78
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I think this cartoon says it all for today.

As DH and I hav gotten older and more hard of hearing, this (altho with many fewer people) is our house this morning!
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Old 11-14-2008, 12:12 PM   #79
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oldbabe, here's a public TY for the chuckle. i made the mistake of looking at the market a few minutes ago
i think i'll reset my browser to disable that URL.
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Old 11-14-2008, 12:34 PM   #80
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Do you look anything like your avatar?

Looks like Amanda Peet to me.

-CC
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