Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Old 02-11-2016, 07:30 AM   #41
Thinks s/he gets paid by the post
dixonge's Avatar
 
Join Date: Mar 2008
Location: Jalisco, Mexico
Posts: 1,745
Quote:
Originally Posted by Senator View Post
Actually, the S&P was at 2,129.20 on 5/18/15. It is now 1,851.86. That is an almost 15% drop. Most stocks in the S&P are down 20%+. To be down 5% and lose $170K does take 3.2M.

It only takes $1.13M to get that kind of drop and now be worth $170K less. If you bought at the wrong times, as in on a regular schedule, you may not even match the S&P returns and have suffered more. A far cry from $3.2M.
The OP referred to a $4M+ portfolio in their original post on the boards last year...

Quote:
Originally Posted by Senator View Post
Yes, it is a joke. (unless the S&P actually goes to 0)... If the S&P actually went to 0, money would be of little use. Gold would be hard to spend. Banks would be closed and out of money. Politicians and their cronies would still be living the fat cat life and that would have a tendency to upset people .

You would need an alternate plan... Of course, drinking may also be a solid option, so stocking up on some whiskey would not hurt a bit either.
Lead is a favorite precious metal in the Prepper crowd
dixonge 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 02-11-2016, 07:36 AM   #42
Thinks s/he gets paid by the post
 
Join Date: Mar 2010
Location: Chicago
Posts: 1,154
Market just opened 5 minutes ago and S and P 500 already down 30pts. This sucks. This week can't end soon enough.
ripper1 is offline   Reply With Quote
Old 02-11-2016, 07:41 AM   #43
Full time employment: Posting here.
 
Join Date: Nov 2008
Posts: 728
As as you have cash for a couple years living expenses can live off if dividends/interest you are ok. And, if you're still working the market may go lower but it always comes back. I'm relaxed my dividends/interest exceed my living expenses
jerome len is offline   Reply With Quote
Old 02-11-2016, 07:42 AM   #44
Full time employment: Posting here.
 
Join Date: Jan 2014
Location: Austin
Posts: 661
Quote:
Originally Posted by ripper1 View Post
Market just opened 5 minutes ago and S and P 500 already down 30pts. This sucks. This week can't end soon enough.
And 10 year bond yield is down 7.69% which means bond prices are rising as investors flee equities for bonds.

Makes me feel good about my decision to keep 3-4 years of immediate expenses in (Pssst) Wellesley.
__________________
ER'd 6/1/2014 @ age 53. Wow, is it already 2022?
Looking4Ward is offline   Reply With Quote
Old 02-11-2016, 07:45 AM   #45
Thinks s/he gets paid by the post
 
Join Date: Sep 2006
Posts: 1,743
Quote:
Originally Posted by ripper1 View Post
Market just opened 5 minutes ago and S and P 500 already down 30pts. This sucks. This week can't end soon enough.
This is bad for short term investors and for retirees that must sell equities for income. If you're a long term investor and you don't need to sell equities to make ends meet don't look at the daily charts
Corporateburnout is offline   Reply With Quote
Old 02-11-2016, 07:50 AM   #46
Full time employment: Posting here.
misshathaway's Avatar
 
Join Date: Dec 2015
Posts: 617
Quote:
Originally Posted by Car-Guy View Post
In such a case, you should only need one of each.
If he has Alzheimers he won't be able to find most of them. Diversify your guns.

My dad had dementia and one gun ... somewhere. I live in his house and to this day, 13 years after his death, I still haven't found it.
misshathaway is offline   Reply With Quote
Old 02-11-2016, 07:54 AM   #47
Thinks s/he gets paid by the post
 
Join Date: Mar 2010
Location: Chicago
Posts: 1,154
A stock market drop of 50% or more could be considered a once in a lifetime event. Now we had two in one decade. Could we be heading for a third historical decline within 15 years?
ripper1 is offline   Reply With Quote
Old 02-11-2016, 08:00 AM   #48
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,003
Quote:
Originally Posted by ripper1 View Post
A stock market drop of 50% or more could be considered a once in a lifetime event. Now we had two in one decade. Could we be heading for a third historical decline within 15 years?
NASA... says there's 'no possibility' asteroid TX68 will hit Earth next month

Of course not....
__________________
Numbers is hard
REWahoo is offline   Reply With Quote
Old 02-11-2016, 08:07 AM   #49
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Mar 2011
Posts: 8,361
Quote:
Originally Posted by ripper1 View Post
Market just opened 5 minutes ago and S and P 500 already down 30pts. This sucks. This week can't end soon enough.
I follow a bunch of chartists. Fidelity's Jurien Timmer for one (though I'm not a Fido customer).

General chart consensus is a nice rally starting 4-8 weeks from now....till then, pain
__________________
Living well is the best revenge!
Retired @ 52 in 2005
marko is offline   Reply With Quote
Old 02-11-2016, 08:11 AM   #50
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 35,712
Quote:
Originally Posted by REWahoo View Post
If the market drops 50% then an asteroid hits, does it count as only one calamity meaning only the worst one matters, or do we still think of it as two strikes? I leave it to the reader to consider which of the two is worse.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)

"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
NW-Bound is offline   Reply With Quote
Old 02-11-2016, 08:15 AM   #51
Thinks s/he gets paid by the post
Tadpole's Avatar
 
Join Date: Jul 2004
Posts: 1,428
I imagine we will finally know what causes direct hits by asteroids.
Tadpole is offline   Reply With Quote
Old 02-11-2016, 08:39 AM   #52
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
easysurfer's Avatar
 
Join Date: Jun 2008
Posts: 13,130
Quote:
Originally Posted by ripper1 View Post
A stock market drop of 50% or more could be considered a once in a lifetime event. Now we had two in one decade. Could we be heading for a third historical decline within 15 years?
I'm optimistic. After all, markets tend to go up during an election year.
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
easysurfer is online now   Reply With Quote
Old 02-11-2016, 08:46 AM   #53
Moderator Emeritus
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 47,472
Quote:
Originally Posted by REWahoo View Post
From the link below,
Quote:
The asteroid’s orbit is highly uncertain (condition code 7) and it will be hard to predict where to look for it, experts say.
NASA Warns That ‘Closest-Ever’ Asteroid Will Pass Earth Next Month | Your News Wire

Better spend March 5th hiding in somebody's basement!

We don't have basements here, but then if an asteroid fell in New Orleans I doubt anyone would notice the damage.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.

Happily retired since 2009, at age 61. Best years of my life by far!
W2R is offline   Reply With Quote
Old 02-11-2016, 08:49 AM   #54
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Mar 2011
Posts: 8,361
Quote:
Originally Posted by misshathaway View Post

My dad had dementia and one gun ... somewhere. I live in his house and to this day, 13 years after his death, I still haven't found it.
Interesting...just last month I found my Dad's two guns after 35 years. In the back of an old closet at my Mom's.
__________________
Living well is the best revenge!
Retired @ 52 in 2005
marko is offline   Reply With Quote
Old 02-11-2016, 08:53 AM   #55
Thinks s/he gets paid by the post
 
Join Date: Feb 2007
Posts: 2,525
Quote:
Originally Posted by easysurfer View Post
I'm optimistic. After all, markets tend to go up during an election year.
Me too. Then I remember 2008. Then I think that an extended period of contemplating my belly button lint might be in order. But then if this keeps going I may have to actually do something and rebalance!
ejman is offline   Reply With Quote
Old 02-11-2016, 08:54 AM   #56
Thinks s/he gets paid by the post
 
Join Date: Mar 2010
Location: Chicago
Posts: 1,154
Anybody getting close to their reballancing bands?
ripper1 is offline   Reply With Quote
Old 02-11-2016, 08:57 AM   #57
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
easysurfer's Avatar
 
Join Date: Jun 2008
Posts: 13,130
Quote:
Originally Posted by ripper1 View Post
Anybody getting close to their reballancing bands?
I'm just glad I already rebalanced in January .
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
easysurfer is online now   Reply With Quote
Old 02-11-2016, 09:11 AM   #58
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
JoeWras's Avatar
 
Join Date: Sep 2012
Posts: 11,701
Quote:
Originally Posted by nash031 View Post
This is exactly why putting it on autopilot every month makes so much sense to me. We invest every month on the 1st and 15th. It takes no nerve whatsoever!
Well, I have a calendar pop up to tell me to do so. Not automatic investment yet. Maybe I should... but I have enough other auto-investing through my 401k in my OMY years.

I consider my out of 401k flexible. Right now, I'm actually increasing the amount per month I'm putting into equities in order to rebalance my overall portfolio.

Still takes some nerve. As someone else said, "I have to hold my nose because it smells" or something like that. Especially the international allocation.
JoeWras is offline   Reply With Quote
Old 02-11-2016, 09:13 AM   #59
Thinks s/he gets paid by the post
 
Join Date: Mar 2010
Location: Chicago
Posts: 1,154
QE4......
ripper1 is offline   Reply With Quote
Old 02-11-2016, 09:14 AM   #60
Thinks s/he gets paid by the post
 
Join Date: Feb 2007
Posts: 2,525
Quote:
Originally Posted by ripper1 View Post
Anybody getting close to their reballancing bands?
My AA tends to move slowly between my rebalance band because close to half of my liquid NW is in Wellesley/Wellington/Van Ret Income which automatically rebalance but it's getting closer...
ejman is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
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
Redfin real estate- ready to kick the agents out? free4now FIRE and Money 84 07-15-2007 05:47 PM
Kick that habit - especially you young dreamers donheff Health and Early Retirement 29 01-24-2007 03:51 PM
Think I'll Kick the Bucket (Bucket 2, that is) Rich_by_the_Bay FIRE and Money 11 10-22-2006 11:18 PM
Retire, then kick the bucket? Telly Other topics 11 01-13-2004 06:53 PM

» Quick Links

 
All times are GMT -6. The time now is 09:00 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.