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Old 02-11-2016, 08:30 AM   #41
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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...

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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
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Old 02-11-2016, 08:36 AM   #42
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Market just opened 5 minutes ago and S and P 500 already down 30pts. This sucks. This week can't end soon enough.
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Old 02-11-2016, 08:41 AM   #43
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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
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Old 02-11-2016, 08:42 AM   #44
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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.
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Old 02-11-2016, 08:45 AM   #45
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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
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Old 02-11-2016, 08:50 AM   #46
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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.
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Old 02-11-2016, 08:54 AM   #47
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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?
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Old 02-11-2016, 09:00 AM   #48
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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....
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Old 02-11-2016, 09:07 AM   #49
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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
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Old 02-11-2016, 09:11 AM   #50
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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.
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Old 02-11-2016, 09:15 AM   #51
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I imagine we will finally know what causes direct hits by asteroids.
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Old 02-11-2016, 09:39 AM   #52
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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.
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Old 02-11-2016, 09:46 AM   #53
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From the link below,
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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.
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Old 02-11-2016, 09:49 AM   #54
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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.
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Old 02-11-2016, 09:53 AM   #55
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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!
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Old 02-11-2016, 09:54 AM   #56
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Anybody getting close to their reballancing bands?
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Old 02-11-2016, 09:57 AM   #57
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Anybody getting close to their reballancing bands?
I'm just glad I already rebalanced in January .
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Old 02-11-2016, 10:11 AM   #58
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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.
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Old 02-11-2016, 10:13 AM   #59
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QE4......
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Old 02-11-2016, 10:14 AM   #60
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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...
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