Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 02-25-2009, 12:36 PM   #21
Moderator Emeritus
Bestwifeever's Avatar
 
Join Date: Sep 2007
Posts: 16,375
I was very surprised to read this personal-finance article this morning:

Retirees face uncertain future -- chicagotribune.com

which seems to be urging retirees to sell off (so if capitulation is a condition of hitting the bottom, we're getting close

Quote:
Whenever someone needs safe investments for income, and they morph into something riskier, a rule of thumb is to sell without waiting. Early action keeps a small loss from turning into a worse loss. Still, Blum said, if a person can get $6 by selling a bank preferred stock, that's better than nothing. If they can recover a quarter of what they spent on a bond, that's better than nothing too.
and

Quote:
But Chicago financial planner Bruce Weininger said he wouldn't try to predict the future: "When the value of companies is unknowable, we do not hold them." For a person depending on income from investments, he would be inclined to sell the impaired stock or bond and keep the money secure, perhaps in certificates of deposit.
__________________

__________________
“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
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 02-25-2009, 12:46 PM   #22
Full time employment: Posting here.
hankster's Avatar
 
Join Date: Jan 2008
Posts: 645
I found an interesting chart on another forum showing the correlation between lows in consumer confidence and economic recoveries. This could be a positive indication Nowhere to go but up?
Attached Images
File Type: jpg consumer_confidence_index_historical.jpg (35.3 KB, 8 views)
__________________

__________________
"There is no dignity quite so impressive, and no independence quite so important, as living within your means." Calvin Coolidge
hankster is offline   Reply With Quote
Old 02-25-2009, 01:10 PM   #23
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Nov 2007
Posts: 7,530
This is a horrible story! I actually triple checked the domain name to make sure it wasn't an Onion article. Unfortunately, it is not.

The mere existence of a Cambodian Midget Fighting League is also a shocker. And the government gave them a green light to hold this competition - as long as they got 50% of the ticket revenue. This is wrong on so many levels...

Edited to add: Good news it is fake. It definitely set off "hoax" alarms, but I never followed through to see what domain it really was hosted at. Funny story though now that I know it is fake. But based on what I know of Cambodians, this story just as easily could have been real!
__________________
FUEGO is offline   Reply With Quote
Old 02-25-2009, 06:05 PM   #24
Full time employment: Posting here.
cantlogin's Avatar
 
Join Date: Sep 2006
Location: Pocono Mtns.
Posts: 884
Hoax!

Cambodian Midget Fighting League - Wikipedia, the free encyclopedia
__________________
cantlogin is offline   Reply With Quote
Old 02-25-2009, 07:38 PM   #25
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 12,964
I think there's still a bit of pain and suffering left to endure. But I'm whistling past the graveyard sticking with my AA, and rebalancing when the spreadsheet says to.
__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Old 02-25-2009, 07:57 PM   #26
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
calmloki's Avatar
 
Join Date: Jan 2007
Location: Independence
Posts: 5,459
Quote:
Originally Posted by cantlogin View Post
Spoilsport!

snopes.com: Lion vs. Midget

Fooled me, though it stretched credulity to think that the match was allowed to continue till all 42 were killed or wounded
__________________
calmloki is offline   Reply With Quote
Old 02-25-2009, 08:46 PM   #27
Recycles dryer sheets
 
Join Date: Jun 2004
Posts: 51
Why would you put any faith into what Bernake says now. If he knew that much he could have seen the train wreck coming and fixed it. I don't think that anyone has a clue where this is going and certainly they don't have a clue on how to correct it. So, if he says that the recession or "recent economic contraction" should be easing by the end of the year, I would be glad to see what his well reasoned basis, backed by data, was for his new-found brilliance and clairvoyance.

I am going to go out on a limb and state that it will be over when it is over and not any sooner. Anyone that says otherwise is just blowing smoke.
__________________
I'll be done Jan 1, 2015, but who's counting.
SonnyJim is offline   Reply With Quote
Old 02-25-2009, 08:50 PM   #28
Thinks s/he gets paid by the post
Bikerdude's Avatar
 
Join Date: Jul 2006
Posts: 1,901
Quote:
Originally Posted by SonnyJim View Post

I am going to go out on a limb and state that it will be over when it is over and not any sooner. Anyone that says otherwise is just blowing smoke.
Thank you Yogi.
__________________
“I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said” Alan Greenspan
Bikerdude is offline   Reply With Quote
Old 02-25-2009, 09:01 PM   #29
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,386
Quote:
Originally Posted by SonnyJim View Post
I am going to go out on a limb and state that it will be over when it is over and not any sooner. Anyone that says otherwise is just blowing smoke.
The original question was "Is the worst behind us?"

SPX is down a little over 50% as of today's close. Another 50% would take it to 375.

So I would definitely say that the worst is behind us, barring nuclear warfare.

Although many things can't be known, many other things may be very high probability bets. This is one of those things.

Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is online now   Reply With Quote
Old 02-26-2009, 12:24 AM   #30
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
harley's Avatar
 
Join Date: May 2008
Location: Following the nice weather
Posts: 6,430
Quote:
Originally Posted by SonnyJim View Post
Anyone that says otherwise is just blowing smoke.
Finally someone has come up with a good idea!
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Will Rogers, or maybe Sam Clemens
DW and I - FIREd at 50 (7/06), living off assets
harley is offline   Reply With Quote
Old 02-26-2009, 11:32 AM   #31
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 16,481
Jim O'Shannessy on CNBC today definitely sees "the worst is behind us" even taking in the worst case doom and gloom scenarios.

[Trying to paraphrase accurately] Even if it takes another decade to recover the peak - lasting as long as the '66 to '82 period or the great depression - that's a 6% real annual return on equities from here which is NOT A BAD THING and beats the cash and bond return potentials.

Audrey
__________________
audreyh1 is online now   Reply With Quote
Old 02-26-2009, 01:17 PM   #32
Full time employment: Posting here.
 
Join Date: Apr 2006
Posts: 944
Quote:
Originally Posted by audreyh1 View Post
Jim O'Shannessy on CNBC today definitely sees "the worst is behind us" even taking in the worst case doom and gloom scenarios.

[Trying to paraphrase accurately] Even if it takes another decade to recover the peak - lasting as long as the '66 to '82 period or the great depression - that's a 6% real annual return on equities from here which is NOT A BAD THING and beats the cash and bond return potentials.

Audrey
From his lips to the markets ears.... . I am still holding and considering another re-allocation
__________________
Freed at 49. You only live once - live it
Donzo is offline   Reply With Quote
Old 02-26-2009, 02:51 PM   #33
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Dawg52's Avatar
 
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 7,438
I heard some dude(Zimmerman?) on Fox yesterday say we were already in a depression. Can't give you any details as I changed the channel.
__________________

__________________
Retired 3/31/2007@52
Full time wuss.......
Dawg52 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
Your worst moments / worst failures? Nords Other topics 28 07-13-2007 12:03 AM
Worst Traffic Spanky Other topics 16 02-10-2006 08:28 PM
50 worst songs ever cute fuzzy bunny Other topics 73 09-28-2005 08:12 AM
Worst Jobs Ever cute fuzzy bunny Other topics 2 03-22-2005 07:17 AM
Worst Draw-Down haha FIRE and Money 11 02-11-2005 09:21 AM

 

 
All times are GMT -6. The time now is 09:49 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.