Preserving your wealth....

[Art G]

What would you give if you could have locked in your June 30th value of your mutual funds?

 

[REWahoo]

Let me guess: another sales pitch for annuities?

 

[73ss454]

One good thing about having old Art on ignore is that I know what he posted without reading it. Just have to read the 1st response and you're done.

 

[Art G]

You see, this is where ignorance starts. Once again, someone who has no idea what I posted, just decided they needed to take a shot at me. It's like a blind person walking the street without a cane and cursing traffic. Geez I hate closed minded people.
Why would anyone here assume I'd want them as a client? I have much higher minimums. How's that for blind assumptions?

 

[REWahoo]

Oh my. I've just been insulted by an annuity salesman. My fragile ego may never survive the indignity...

 

[Art G]

LOL! I guess you assumed the post was directed at you. I guess your ego is fragile.

 

[Sarah in SC]

454, how's your ego doing?

 

[Janet H]

ah hem.. Don't ya'll have something better to do?

 

[haha]

ah hem.. Don't ya'll have something better to do?

Nope. We're waiting for the bad news from the polls. We might as well slap one another around while we wait.

Ha

 

[FinanceDude]

Nope. We're waiting for the bad news from the polls. We might as well slap one another around while we wait.

Ha

I predict 80% of the folks on here will be happy tomorrow.........

 

[Abreutime]

What would you give if you could have locked in your June 30th value of your mutual funds?

A large amount of fees and a high penalty for early withdrawal? What do I win?

 

[FIREd]

Why June 30th? By June the S&P had already lost 20% from last October's highs...

 

[bbbamI]

Nope. We're waiting for the bad news from the polls. We might as well slap one another around while we wait.

Ha

My jaw is already sore......

 

[Art G]

Why June 30th? By June the S&P had already lost 20% from last October's highs...

Well that was about the time the market actually gave a sell signal. I've never tried to guess the top of anything.

 

[FIREd]

Well that was about the time the market actually gave a sell signal. I've never tried to guess the top of anything.

Cr@p, I didn't receive the signal... My FA didn't either...

 

[HFWR]

What would you give if you could have locked in your June 30th value of your mutual funds?

Well, if I get to pick, I pick Oct 07...

 

[kumquat]

What would you give if you could have locked in your June 30th value of your mutual funds?

A sh*t, I suppose. This is simply the inverse of me saying "I don't give a sh*t".

Edit to add: I imagine you are including individual stocks, since I have very little in MF's.

 

[haha]

My jaw is already sore......

Well, that's a whole 'nother topic...

 

[bbbamI]

Well, that's a whole 'nother topic...

Heh, well...so...ahem....

 

[DblDoc]

What would you give if you could have locked in your June 30th value of your mutual funds?

Not much. My current portfolio, while down somewhat from then, contains a whole h#ll of alot more shares then it did then plus I've TLH'd alot of $ to offset future income and CG's.

DD

 

[Gone4Good]

Well gee, with 20/20 hindsight I'd say something in the neighborhood of $500-$600K . . . but then again, if I had that kind of foresight it would be worth a lot more than that because instead of just protecting what I had, I'd have thrown every last dollar into some waaay out of the money puts and I'd be sitting on 8 figures now

So I guess my answer to your question is more like $30,000,000 . . .that's how much that information is worth to me. $30MM, give or take.

 

[Gone4Good]

Here is another great idea that people had to "100% guarantee your principal"

Bloomberg.com: Exclusive

(And BTW, if this is what you had in mind as an idea for "preserving your wealth" then I'd like to change my answer from $30MM to zero)

 

[kyounge1956]

I predict 80% of the folks on here will be happy tomorrow.........

'Cuz regardless of whether or not their guy won the election, they're still retired??

 

[FinanceDude]

'Cuz regardless of whether or not their guy won the election, they're still retired??

Yup..........

 

[mathjak107]

oh my. I've just been insulted by an annuity salesman. My fragile ego may never survive the indignity...

please dont tell my mom im an annuity salesman,she thinks im a piano player in a brothel....