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Old 11-22-2008, 11:59 AM   #21
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Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
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Originally Posted by hotwired View Post
Thanks again all. This is quite the forum. I'm going to start spending much more time giving of myself here. I might be in the suckhole a bit this week, but I'll do my best to give back at least what I take from here.
Feel free to send me a check. I'll be sure to share with the rest on here.

Retired 3/31/2007@52
Full time wuss.......
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Old 11-22-2008, 12:03 PM   #22
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So far I am sticking to my plans. I still have at least 10-15 years left before retirement and my asset allocation has always been quite conservative for someone my age (34, AA=65% stocks/35% bonds & cash). I think that in retirement I won't keep more than about 40% of my money in the stock market. I'd better suffer through what may be the slow erosion of my purchasing power over the years than anguish over the loss of a huge chunk of my savings all at once. In the mean time though, I see this downturn as the opportunity of a lifetime despite the pain of seeing my portfolio dwindle rapidly. I am staying the course and investing all new money in the stock market. As I get older and the market recovers (and I have no doubt it will) I will slowly shift my AA from 65/35 to about 40/60 by the time I reach my 50's.

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Old 11-22-2008, 12:34 PM   #23
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Originally Posted by Midpack View Post
You may have to work longer than you originally planned too. That's not a hardship, in most countries in the world, most people still work their entire lives without any chance of ever retiring. That you will ever retire is an advantage that most of the world's people will never know.
I hesitate to say this because you must have already considered it, but inheriting a large sum of money is also an advantage that most of the world's people will never know. Perhaps it would help to look on this money in that light. The portion that you have left still puts you way ahead of most. You have only "lost" something that the vast majority were never lucky enough to have "found".

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