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Old 06-20-2008, 09:02 PM   #41
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Your probably right. But I would like to work on harvesting some gains, one of these years.
Just wait 'til next year....
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Old 06-20-2008, 09:05 PM   #42
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Just wait 'til next year....
That's what my Mississippi State Bulldogs say every year.
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Old 06-21-2008, 07:16 AM   #43
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Having been retired 5 yrs and having to live off some of our IRA money to supplement our pensions. After hearing so many say it will be better in the second half of the year, I just finished reading a Newsweek article that says the situation is worse than we think and I tend to agree. This makes me nervous and a bit nauseous, when I see our portfolio lose thousands every week. Fortunately between 18-12 months ago, I harvested gains and moved them to a money market to handle the next 3 to 5 years of needs. I am assuming that will be sufficient and we will start to rebound before that is depleted. Hate to have to go back to work.
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Old 06-21-2008, 07:42 AM   #44
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Fortunately between 18-12 months ago, I harvested gains and moved them to a money market to handle the next 3 to 5 years of needs.

Larry
Retired a bit over a year ago. Did the same thing (gains to a MM). In addition, I purchased an SPIA with a portion of my cash balance account from my former company (replaced the pension plan many years ago) in order to give me "pension income".

Kind of funny. When I wor*ed, I worred about the market (and of course, my job). Now that I'm retired (and have taken measures to "ensure" my income regardless of the current market), I'm more "at peace" these days.

Who knew?

- Ron
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Old 06-21-2008, 08:47 AM   #45
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I was on the Introduction Page Thread thingy!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Oh, I'm so sorry to mess up your, like, stocks and bonds junk!!!!!!!!!
Sorry!! I will, I don't know, ask admin., to delete my post
Uh, gee I'm sorry peeps.
:confused:
It's only a movie...
It's only a movie...
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It's only a movie...
It's only a movie...

God bless!!!
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Old 06-21-2008, 09:58 AM   #46
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Past 1 year returns by style category (as per Morningstar box):
Code:
 
-16  -10  -3
-14  -10  -4
-16  -13  -10
Personally I swing from fear to greed on a daily basis. So far haven't touched my AA though. I'll probably be slow to rebalance with my equities slightly below allocation now by about 2%. Down 3.2% for year to date. I agree, it's not a good feeling.
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Old 06-21-2008, 11:38 AM   #47
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I am as fully invested as I want to be. I still have about 5 years in cash and CD ladders, 4 years in "safer investments" like Wellesely and the rest equities.
I have made a real effort not to look at how the market is doing - not check and see how my balances are faring - I don't need/want to do anymore tweaking so why look? Just going enjoy my time and stop worrying about something out of my control. I was starting to drive myself crazy with watching the market and my balances on a daily basis.....life is to short!
Of course when the market gets back to about 13,000...I will take a peek.
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Old 06-21-2008, 11:40 AM   #48
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Didn't BOA announce a 66% reduction in dividends yesterday?
Not that I saw. It wasn't a week ago that the chairman said that he didn't see any need to consider reducing the dividend. Even so, everyday seems to bring new analyst pontifications that they need to do so. Then rumors fly. I think it's a big push by the "shorts."
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Old 06-21-2008, 11:44 AM   #49
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Of course when the market gets back to about 13,000...I will take a peek.
Yeah, and I will be trimming way back!
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Old 06-21-2008, 11:45 AM   #50
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Reading all of the doom and gloom got me to check my Quicken. It says that as of today I am down 3.44% for the year. It's hard to get too pessimistic with this performance since most years since 2002 have been double digits up. I have a good 50-60% more than I had when I was laid off in 2002. I was FI then. What does that say about me?
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Old 06-21-2008, 01:00 PM   #51
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Yes this market can be a bit depressing. As of today, my portfolio is down 4.1% YTD, not the end of the world... yet. My net worth is still up 4.2% YTD so at least there is some positive news. So far I have no plan to make any change to my portfolio. I will continue to DCA/VCA into my accounts as usual. In the meantime, I'll take comfort in watching my bear market fund tame my portfolio's volatility and cushion the fall.
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Old 06-26-2008, 11:11 AM   #52
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Market down another 200 plus points again today. Another great buying opportunity for somebody!
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Old 06-26-2008, 11:16 AM   #53
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Market down another 200 plus points again today. Another great buying opportunity for somebody!
Why aren't you out playing golf instead of making yourself miserable watching the market tank?

Then again, your strategy may be that if you keep stressing over this you'll be dead long before running out of money and having to go back to w*rk. You crafty old Dawg...
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Old 06-26-2008, 11:36 AM   #54
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Moving away from Quicken...
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Old 06-26-2008, 11:43 AM   #55
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Why aren't you out playing golf instead of making yourself miserable watching the market tank?

Then again, your strategy may be that if you keep stressing over this you'll be dead long before running out of money and having to go back to w*rk. You crafty old Dawg...
I usually take Thursday off. Took the mutt swimming this morning.

To think the DOW was at 13k around May 19 and now it's down almost 1500 points in a month. If that doesn't frost your %$#! I don't know what does. Your right, the market makes me miserable. That's why I'm going to be out(well cut way back) if it ever gets back to what it was just a frigging month ago.
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Old 06-26-2008, 11:46 AM   #56
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The majority of my clients are down 3-4%, while the indexes are down 10%. And they are NOT selling, I had 5 guys buy heavy today alone...........

Maybe brewer's hedge fund is knocking the cover off the ball
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Old 06-26-2008, 11:51 AM   #57
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The majority of my clients are down 3-4%, while the indexes are down 10%. And they are NOT selling, I had 5 guys buy heavy today alone...........
I'm down about 5.5% YTD including today's carnage. It helps to have about 30% out of stocks and about 10% of my equity position in GDX today.
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Old 06-26-2008, 11:54 AM   #58
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The majority of my clients are down 3-4%, while the indexes are down 10%.
Dude, are you offering group discounts?

That March low I mentioned in the OP post was cut without much sawing.

Ha
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Old 06-26-2008, 12:02 PM   #59
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Dude, are you offering group discounts?
No, I am expected to offer sound advice for free on this forum....... That being said, I have been reminded over and over again by a fair number on here how "guys like me" are unnecessary, inexperienced, and of no value............
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Old 06-26-2008, 12:05 PM   #60
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To think the DOW was at 13k around May 19 and now it's down almost 1500 points in a month. If that doesn't frost your %$#! I don't know what does. Your right, the market makes me miserable. That's why I'm going to be out(well cut way back) if it ever gets back to what it was just a frigging month ago.
As an early retiree with no pension and too young for SS (just barely), I can't say I'm particularly enjoying what the marked is doing. However, having watched the market oscillate down and up for more than 40 years I've learned not to fret too much when it tanks. I will also admit to taking some comfort from the fact I have a couple of years living expenses in cash, 40% of my portfolio in bonds and am less than a year from starting to collect from all the nice people who are still working to fund my SS benefits.

Not much gloom and doom around here, at least not yet.
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