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Old 03-11-2010, 07:00 AM   #21
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Originally Posted by Koolau View Post
Can't recall the source but reminds me of a famous quote - to the effect: I never been in no situation where havin' more money made it any worse.
I never been in no situation where havin’ money made it any worse. – Clinton Jones (The Minnesota Viking football player, I believe.)

Famous quotes about money
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Old 03-11-2010, 07:57 PM   #22
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Does anyone else find that having more money in the bank actually adds stress to your life? Is this an obnoxious question?
If you're obsessing/worrying about preserving all your money then you may have it in the wrong type of asset allocation. Maybe too much in equities? I found that I worried about the same thing when my AA was 70% equities, but now that I'm 50/50 I'm a happy camper.
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Old 03-11-2010, 08:02 PM   #23
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Right. And the number of actual individual millionaires is even less. Your spouse's lawyer can explain this.
Also, the term "net worth" means the home equity may be included, while true FIRE people want to talk about investable assets only.

Arghh... I remember that we have countless threads on this issue already
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Old 03-11-2010, 08:56 PM   #24
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Also, the term "net worth" means the home equity may be included, while true FIRE people want to talk about investable assets only.

Arghh... I remember that we have countless threads on this issue already
From the article that OP started the thread with.

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Households with a net worth of $1 million or more, excluding their primary residence, totaled 7.8 million in 2009, up from 6.7 million in 2008, according to Spectrem Group.
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Old 03-11-2010, 09:31 PM   #25
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If you're obsessing/worrying about preserving all your money then you may have it in the wrong type of asset allocation. Maybe too much in equities? I found that I worried about the same thing when my AA was 70% equities, but now that I'm 50/50 I'm a happy camper.
Sometimes I think the opposite is true - if you are not worried about your investments then you are not taking enough risk.
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Old 03-11-2010, 10:31 PM   #26
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Sometimes I think the opposite is true - if you are not worried about your investments then you are not taking enough risk.
Yes!

And why do we want to take risks? To make life exciting.

PS. 72% in equities and increasing (all by itself ).
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Old 03-11-2010, 10:44 PM   #27
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Quit with the dancing y'all! You're going to jinx it. I'd like the run to at least go high enough to let me rebalance again before we give it all back!

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Old 03-11-2010, 10:48 PM   #28
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Look. I made my post after W2R's wh*** post in a concurrent thread. If the market tanks tomorrow, I won't be blamed.

Ok, Ok. I can still edit my post, so will do so to change the smiley.
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