scrabbler1
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Nov 20, 2009
- Messages
- 6,699
Because I left my job and ERed during the late 2008 slide, I had some nervous moments as well as some opportunities to change directions in my AA I might not have had otherwise.
The first nervous moment was having to wait longer than usual for my former company's quarterly evaluation of its stock price at the end of September. That was right around the time I was going to annouce my resignation effective at the end of October. The announcement took place a day later and was not nearly as bad as I feared it would be -it dropped only about 1% which was next to nothing when you think of how everything else was dropping at the time.
When I left the company at the end of October, I had about a 2-week delay between receiving my proceeds from my liquidated 401(k) and ESOP accounts and reinvesting them into their targeted Fidelity accounts and funds. The price on the big bond fund had been dropping, so I was hoping it would drop some more or at least not go UP while I was waiting.
I also had a chance to change the AA of the rollover IRA which at the time was about 53/47 in favor of stocks. When I met with my Fidelity rep, we spoke about this. While he did not offer any concrete suggestions, he did give me a few things to think about regarding the overall AA in both my retiement and non-retirement accounts. I decided to stay put with the 53/47 split and I do not regret that choice [my typical AA in the 401(k) had been 55/45]. I have since done some small rebalancings in both the IRA and taxable accounts, mostly in the IRA, so my basic "buy low, sell high" philosophy remains intact. Both the stock and bond portions of my portfolio have rebounded nicely, especially the stock side. And my NW is at an all-time high despite not having worked for the last 3 years.
The first nervous moment was having to wait longer than usual for my former company's quarterly evaluation of its stock price at the end of September. That was right around the time I was going to annouce my resignation effective at the end of October. The announcement took place a day later and was not nearly as bad as I feared it would be -it dropped only about 1% which was next to nothing when you think of how everything else was dropping at the time.
When I left the company at the end of October, I had about a 2-week delay between receiving my proceeds from my liquidated 401(k) and ESOP accounts and reinvesting them into their targeted Fidelity accounts and funds. The price on the big bond fund had been dropping, so I was hoping it would drop some more or at least not go UP while I was waiting.
I also had a chance to change the AA of the rollover IRA which at the time was about 53/47 in favor of stocks. When I met with my Fidelity rep, we spoke about this. While he did not offer any concrete suggestions, he did give me a few things to think about regarding the overall AA in both my retiement and non-retirement accounts. I decided to stay put with the 53/47 split and I do not regret that choice [my typical AA in the 401(k) had been 55/45]. I have since done some small rebalancings in both the IRA and taxable accounts, mostly in the IRA, so my basic "buy low, sell high" philosophy remains intact. Both the stock and bond portions of my portfolio have rebounded nicely, especially the stock side. And my NW is at an all-time high despite not having worked for the last 3 years.