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View Poll Results: How much are your paper losses?
$0 - $50,000 35 13.16%
$50,0000 - $100,000 26 9.77%
$100,000 - $250,000 66 24.81%
$250,000 - $500,000 68 25.56%
$500,00 - $1,000,000 36 13.53%
Over $1,000,000 23 8.65%
I made money 12 4.51%
Voters: 266. You may not vote on this poll

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Old 10-27-2008, 11:13 AM   #61
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I'll bet none of you included the paper loss from the decrease in the value of your home (zillow.com). I know I didn't.
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Old 10-27-2008, 11:14 AM   #62
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You've been watching the stock price over the last year, right? Is there likely to be a better time to buy than this morning?

.
When I sold all my US individual holdings I did make an exception and held onto the BRK.B shares that I own. I figure these are special, more like a mutual fund than a share holding. I found myself so emotionally attached to these there was no way I could sell them off.
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Old 10-27-2008, 11:29 AM   #63
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How much of your portfolio have you lost since your personal high?
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Originally Posted by TromboneAl View Post
I'll bet none of you included the paper loss from the decrease in the value of your home (zillow.com). I know I didn't.
No, because the original post specified portfolio losses (see above). I don't consider my home to be part of my portfolio. YMMV
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Old 10-27-2008, 12:22 PM   #64
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142 people reporting a loss, collectively losses are in the $40-67M range so far (and I think most people didn't include equity loss in their home). That's impressive...

To put things into perspective:
On average, that's at least a $280K loss per respondent reporting a loss. So our average loss is at least thrice the median net worth of American households ($90K as reported BEFORE the housing and market bust). It means that, on average, we are still far wealthier than the average American, and therefore far, far wealthier than the vast majority of people in the world.

Collectively, we probably would still have enough money to buy a small country... I've heard Iceland is going bankrupt so we could get a good deal!
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Old 10-27-2008, 12:25 PM   #65
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I'll bet none of you included the paper loss from the decrease in the value of your home (zillow.com). I know I didn't.
Oh hell! Move me up to the next higher loss level.
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Old 10-27-2008, 12:30 PM   #66
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I don't even include my home in our net worth (ymmv) let alone in our portfolio (also don't include future SS and uncola-ed pension pension benefits in either--shouldn't we include them too if we're including our homes?)--part of the real estate problem was homes were overvalued so not sure what the "high point" in my home's value would have been anyway. I'm sure it's worth a lot more than what we paid for it three decades ago, so move me down to made money, I guess
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Old 10-27-2008, 12:58 PM   #67
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Collectively, we probably would still have enough money to buy a small country... I've heard Iceland is going bankrupt so we could get a good deal!
Not a bad idea, but how about someplace warmer?
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Old 10-27-2008, 01:00 PM   #68
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My baseball and basketball card collection took a hit this year
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Old 10-27-2008, 01:08 PM   #69
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I'll bet none of you included the paper loss from the decrease in the value of your home (zillow.com). I know I didn't.

If I did that I'd be jumping off my deck !
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Old 10-27-2008, 01:45 PM   #70
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My baseball and basketball card collection took a hit this year
On the bright side, I saved a boatload of money switching to GEICO...........
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Old 10-27-2008, 01:56 PM   #71
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I'll bet none of you included the paper loss from the decrease in the value of your home (zillow.com). I know I didn't.
Since my personal high was back in 2000, my house is still up in value from then.
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Old 10-27-2008, 02:12 PM   #72
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I am sure those who have their money out of the markets, secure COLA'd pensions, and lifetime medical are also feeling no glee.
Bestwifeever, that's very charitable of you. I can assure you I would be feeling, if not "glee", something akin to it!

FIREdreamer.. good perspective. That is what I have been trying to keep in mind.
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Old 10-27-2008, 02:21 PM   #73
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On the bright side, I saved a boatload of money switching to GEICO...........
Now that you mention it, I DID stay at a Holiday Inn Express last night...
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Old 10-27-2008, 03:06 PM   #74
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I've lost a ton on paper, but in fact I haven't lost anything unless I need the money, right?
This is often but not always true. Just yesterday the major owners of Buckeye Holdings GP, an MLP holding company announced a buyback. Tehy have p;lenty of shares to make it go through. The price is a small premium over today's very depressed quotes, but a big discount from the price at which many holders bought in.

I didn't hold this, but from time to time it happens to value investors in mid-cap and small cap companies. It happened to me twice in oil and gas in the 80s.

This is particualrly annoying event because it shows that you have picked wisely (else the majority owners wouldn't want it), you were patient, and still you got screwed. Not only that, but the large owners/management are in a postion to help make the price go down so they get better pickings.

There is a lot to be said for buying debt, if you can get it cheaply enough.

Ha
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Old 10-27-2008, 03:27 PM   #75
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I wish I could answer that my paper losses are "Vaster than empires, and more slow" but damn, that was a fast drop.

I can now retire with two dead squirrels and a box of matches.

ta,
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Old 10-27-2008, 06:07 PM   #76
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There's no choice for "have not looked yet"!!!
Yup, I received my UBS portfolio statement last week....
it is still sitting on my desk....can't bear to open it....so I don't/won't!
My parents are "down" 1 mil....same for my bro & SIL....
think I'll saddle a horse and take a nice looooong ride....


Gosh, this is really tough stuff, but I have so much to be thankful for -
a wonderful family, amazing friendships, and a great community....and the sense to have bailed on California 8 years ago....my friends on the Left Coast are suffering horribly.
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Old 10-27-2008, 06:13 PM   #77
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I've got a lot to be thankful for too... like all the well-meaning advice and encouragement I got here (indirectly) to get into the market instead of standing on the sidelines like I was.

Darn you all!!! ;-)
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Old 10-27-2008, 06:16 PM   #78
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142 people reporting a loss, collectively losses are in the $40-67M range so far (and I think most people didn't include equity loss in their home). That's impressive...

To put things into perspective:
On average, that's at least a $280K loss per respondent reporting a loss. So our average loss is at least thrice the median net worth of American households ($90K as reported BEFORE the housing and market bust). It means that, on average, we are still far wealthier than the average American, and therefore far, far wealthier than the vast majority of people in the world.

Collectively, we probably would still have enough money to buy a small country... I've heard Iceland is going bankrupt so we could get a good deal!
Wow, I feel sooooo much better....thanks!
Now where is that bottle of Laphroig.....and why on earth did I send my fiance' packing...yeah, that tall, cute guy who drove a Porsche and owned an oil company......oooooops
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Old 10-27-2008, 06:26 PM   #79
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Originally Posted by FIREdreamer View Post
142 people reporting a loss, collectively losses are in the $40-67M range so far (and I think most people didn't include equity loss in their home). That's impressive...

To put things into perspective:
On average, that's at least a $280K loss per respondent reporting a loss. So our average loss is at least thrice the median net worth of American households ($90K as reported BEFORE the housing and market bust). It means that, on average, we are still far wealthier than the average American, and therefore far, far wealthier than the vast majority of people in the world.

Collectively, we probably would still have enough money to buy a small country... I've heard Iceland is going bankrupt so we could get a good deal!
Good Post.
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Old 10-27-2008, 06:53 PM   #80
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FIREdreamer,

Buying Iceland with our remaining cash sounds like a great idea! In honor of your proposal, I suggest we change the name to "FIREland."

Cheers.
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