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Old 01-31-2013, 06:26 PM   #21
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That's me, although I don't think that financially I have not done too bad compared to many of my friends.
Originally Posted by NW-Bound View Post
I consider myself a pessimist, yet financially I have not done too bad compared to some of my friends who flocked to gold in the late 80s.

Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
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Old 02-01-2013, 07:34 PM   #22
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Originally Posted by obgyn65 View Post
That's me, although I don't think that financially I have not done too bad compared to many of my friends.
My own pessimism has served me well also. Now that I am retired, my investing goal is not to maximize wealth, but to avoid losing it. I am not a doomer, however, and expect the US economy to do well in the long run. But, that doesn't mean that I couldn't have my standard of living drastically reduced by a market crisis in the short run. Those who have read Jim Otar or Larry Kotlikoff know that a distribution portfolio is much more sensitive to loss than an accumulation portfolio. Since I have already won the investing game, at this point I have more to lose than to gain further. So, I am happy to continue as a pessimist.

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