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10-26-2008, 04:21 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 1,224
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New Milestone!
Just ran my numbers and I have now officially passed 6 figures...in losses for the first time. I know. It won't be the last. No risk. No reward.
DD
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10-26-2008, 05:00 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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Our losses in paper have passed 6 figures since the government announced that they would not bail out Lehman Brothers.
__________________
May we live in peace and harmony and be free from all human sufferings.
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10-26-2008, 05:03 PM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,931
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Nasty milestones for me too! My total net worth (all assets) is now just under the level it reached at the end of 2002. This is significantly lower than it was when I retired in 1999! And we had reached a new all time high in Oct of 2007, and gotten close again in May of this year.
And I wish I were only down 6 figures!
Audrey
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10-26-2008, 05:17 PM
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#4
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Moderator Emeritus
Join Date: May 2007
Posts: 12,890
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I reached the 6-figure [paper] loss milestone for the first time on Friday too! Good times...
If I look at our net worth, we are "only" down 70K for the past 12 months thanks to healthy inflows (60K) since last October (we are now back to 01/2007 levels). Our networth had been pretty stable from October 2007 to Mid September 2008 but it has plunged by more than 60K in the past month. Without taking into account inflows, our retirement accounts have lost $120,000 in the last year. So the market drop has pushed our retirement date back 2 years, so far...
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10-26-2008, 05:37 PM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,067
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I don't want to talk about it.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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10-26-2008, 06:07 PM
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#6
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Recycles dryer sheets
Join Date: Dec 2006
Posts: 293
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Including 2008's contributions to date, we passed the 6-digit number a couple of weeks ago. Now, I'm truly afraid to look. I keep thinking that we've ridden it down this far..... This mess has added several years to our retirement horizon, but at least we're healthy and able to work.....
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10-26-2008, 06:07 PM
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#7
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Moderator Emeritus
Join Date: Feb 2005
Location: San Diego
Posts: 5,267
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Are we including equity in the house? Because if we are I'm down a quarter mil. If not, I'm "only" down about 60k.
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10-26-2008, 06:17 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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No, decline in equity of the house has not been included in our net worth estimation. The downturn in the market has significantly changed our projection of when we can retire - bummer.
__________________
May we live in peace and harmony and be free from all human sufferings.
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10-26-2008, 06:18 PM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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-$170,000 in the last year...
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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10-26-2008, 06:25 PM
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#10
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Moderator Emeritus
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
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We're at 2004 levels -- and that's after aggressive savings right along.
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.
As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
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10-26-2008, 06:30 PM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,000
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I'm concentrating on where my next meal is coming from, not on the level of my septic tank...
__________________
Numbers is hard
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10-26-2008, 06:40 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Nov 2005
Posts: 1,590
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Quote:
Originally Posted by DblDoc
Just ran my numbers and I have now officially passed 6 figures...in losses for the first time.
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I have around 6 figures in unrealized losses; 0 figures in realized losses. Big difference. My portfolio, even a little diminished, generates enough free cash flow that I shouldn't have to realize these losses unless there is a further remarkable decline in the economy.
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10-26-2008, 06:52 PM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Quote:
Originally Posted by audreyh1
Nasty milestones for me too! My total net worth (all assets) is now just under the level it reached at the end of 2002. This is significantly lower than it was when I retired in 1999! And we had reached a new all time high in Oct of 2007, and gotten close again in May of this year.
And I wish I were only down 6 figures!
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My condolences!
Not counting my homes (I never do), my portfolio is still more than 2x the bottom it reached in Mar2003 (knock on wood). But then, you have been drawing on yours, while I still have my part-time income.
Yes, I think we all got our high in Oct2007, and recovering within a few percent of it in May2007. What happened was that the entire world was hit by a 2x4 coming from nowhere (actually from WallSt), just within the last few months.
Look at a stock that I had - Caterpillar (CAT). It was holding up relatively well compared to other stocks, then crashed hard in just 1 month. The reason was that it had significant business overseas, not just in the US. So it was immune to the US housing bust, until recently. Obviously, all that foreign construction may just stop and is discounted in the stock price. Or has all that construction already stopped?
Not knowing what to expect, I am not going to buy it back, having been stopped out earlier.
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10-26-2008, 07:50 PM
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#14
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Full time employment: Posting here.
Join Date: Jan 2008
Posts: 649
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I wish my portfolio was large enough to have suffered a 6 figure loss
__________________
"There is no dignity quite so impressive, and no independence quite so important, as living within your means." Calvin Coolidge
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10-26-2008, 08:22 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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You will get there someday.
__________________
May we live in peace and harmony and be free from all human sufferings.
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