Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 08-23-2015, 10:30 AM   #41
Full time employment: Posting here.
GTFan's Avatar
 
Join Date: Apr 2013
Location: Atlanta
Posts: 636
Quote:
Originally Posted by Fermion View Post
Wrong. This is like a forum of players who get a cheap room at the casino, eat the free buffet and only bet the $10 free chip on the don't pass line then leave the tables if they win or lose the free bet.
+1000. LOL, defines me to a T.
__________________

__________________
GTFan is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 08-23-2015, 01:57 PM   #42
Full time employment: Posting here.
 
Join Date: Aug 2007
Posts: 892
While I was driving my son to his girlfriend's house this morning we talked about the market drop. He asked me if I was buying (lesson learned!), but also said that his girlfriend's dad was talking about selling stocks Friday night. Wisely, he said nothing (another lesson learned!).

Best to ignore the noise. The drop so far has been small. It'll be interesting once it's a full blown correction.
__________________

__________________
Eat, Drink and Be Merry.
tulak is offline   Reply With Quote
Old 08-23-2015, 02:20 PM   #43
Thinks s/he gets paid by the post
Lakewood90712's Avatar
 
Join Date: Jul 2005
Posts: 1,316
So glad I put everything into an Allianz 360 annuity last week . My insurance sales rep even called me from the golf course this mourning to assure me everything is on track.

Those " cant loose " toxic products like 360 should be outlawed IMO
__________________
Lakewood90712 is offline   Reply With Quote
Old 08-23-2015, 02:29 PM   #44
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,107
Quote:
Originally Posted by Lakewood90712 View Post
My insurance sales rep even called me from the golf course this mourning...
Nice wordplay...
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 08-23-2015, 04:15 PM   #45
Thinks s/he gets paid by the post
frayne's Avatar
 
Join Date: Oct 2002
Location: 19th Hole
Posts: 2,531
Reversion to the mean, no big deal.
__________________
A totally unblemished life is only for saints.
frayne is online now   Reply With Quote
Old 08-23-2015, 07:46 PM   #46
Recycles dryer sheets
crispus's Avatar
 
Join Date: Jun 2004
Posts: 168
Nikkei down over 2% in first hour of trading. Looks like a rocky Monday
__________________
Of all tyrannies a tyranny sincerely exercised for the good of its victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies, The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for own good will torment us without end, for they do so with the approval of their own conscience.
C.S. Lewis
crispus is offline   Reply With Quote
Old 08-23-2015, 07:55 PM   #47
Recycles dryer sheets
Willers's Avatar
 
Join Date: May 2013
Posts: 480
Lost a bunch last week. DW retired last month so I asked her if she was nervous. I wanted to know if I needed to walk her through the numbers again to ease her mind.

Her answer? "I don't think we could lose enough for me to go back to work."

Made me smile...


Sent from my iPhone using Early Retirement Forum
__________________
“If you don't do it this year, you will be one year older when you do.” - Warren Miller
Willers is offline   Reply With Quote
Old 08-24-2015, 07:41 AM   #48
Thinks s/he gets paid by the post
Spanky's Avatar
 
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,046
Quote:
Originally Posted by crispus View Post
Nikkei down over 2% in first hour of trading. Looks like a rocky Monday
Hold on to your hat .. it's going to be a rough (or fun) ride!
__________________
May we live in peace and harmony and be free from all human sufferings.
Spanky is offline   Reply With Quote
Old 08-24-2015, 07:52 AM   #49
Recycles dryer sheets
 
Join Date: Aug 2015
Posts: 340
It looks like we are back in 2008 crises (I hope that I am wrong). If pull out of equities now before the Market reach the bottom, there is a heavy Taxation similar to losses what I face if staying put.
__________________
VFK57 is offline   Reply With Quote
Old 08-24-2015, 07:59 AM   #50
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,107
Quote:
Originally Posted by VFK57 View Post
It looks like we are back in 2008 crises...
I don't see it.

Unlike 08, there is no major financial crisis causing the market panic. This is a crisis of confidence as the result of a multi-year run up in stock prices. By comparison, it "should" reach bottom reasonably soon - but that doesn't mean it won't be ugly.
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 08-24-2015, 08:13 AM   #51
Recycles dryer sheets
 
Join Date: Aug 2015
Posts: 340
Quote:
Originally Posted by REWahoo View Post
I don't see it.

Unlike 08, there is no major financial crisis causing the market panic. This is a crisis of confidence as the result of a multi-year run up in stock prices. By comparison, it "should" reach bottom reasonably soon - but that doesn't mean it won't be ugly.
There is a high level threat of financial crises due to the oil prices dramatic drop. Our oil industry is heavily indebted and with low oil prices they will not be able to repay $$ billions to their lenders, many oil companies cannot even operate at oil prices below $40 per barrel.
__________________
VFK57 is offline   Reply With Quote
Old 08-24-2015, 08:20 AM   #52
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,107
I think the oil price issue, while disruptive, is relatively small potatoes compared to what happened to banking/financial systems in 08.
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 08-24-2015, 08:21 AM   #53
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,887
If this turns into a major crash, well, most of us have "been there done that" and know that while it isn't fun, there is money to be made by investing low.

Meanwhile, I am hoping for a "blue light special" on Wall Street today, since I was planning to invest the money I just got from selling my paid off house. My plan is to invest half of it today and DCA the rest.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is online now   Reply With Quote
Old 08-24-2015, 08:23 AM   #54
Recycles dryer sheets
jetpack's Avatar
 
Join Date: Aug 2013
Posts: 317
Not a good idea to try and catch falling knives. I have about 5% in cash that I'm looking to put back in the market when it settles down a bit.
__________________
jetpack is offline   Reply With Quote
Old 08-24-2015, 08:25 AM   #55
Thinks s/he gets paid by the post
DFW_M5's Avatar
 
Join Date: Sep 2003
Posts: 4,982
It goes to show you that W2R is clairvoyant again. I always get a laugh out of this pic:
Attached Images
File Type: jpg Notthisagain.jpg (12.3 KB, 292 views)
__________________
Doing things today that others won't, to do things tomorrow that others can't. Of course I'm referring to workouts, not robbing banks.
DFW_M5 is offline   Reply With Quote
Old 08-24-2015, 08:33 AM   #56
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,887
Quote:
Originally Posted by DFW_M5 View Post
It goes to show you that W2R is clairvoyant again. I always get a laugh out of this pic:
I love that pic! I'm hoping that you are right about me being clairvoyant because my nestegg could use a nice boost after buying my dream house this summer.

Maybe because I am on Social Security this time, with a paid off home as well as lower expenses due to being retired, the idea of a major crash honestly doesn't bother me NEARLY as much as it did in 2008. We'll all be fine. Those of us who have "been there, done that" can remind the others that it isn't the end of the world.

I like having a nice cash cushion to invest during such a crash so I'm all set in that respect.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is online now   Reply With Quote
Old 08-24-2015, 08:35 AM   #57
Dryer sheet aficionado
 
Join Date: Jan 2012
Posts: 32
Hey Gents, Ladies, just checking in again and thought I'd post due to recent market numbers. This forum is great for when the sky falls excitement. This is definitely enough dip of 10%+ so can't be as easily ignored.

This time last year actually but wasn't as bad so mostly went unnoticed. S&P was 2019 on 19 SEP 2014. It dipped below 1817 on 16 OCT 2014 to close at 1886.

I'll admit every time it dips hard it looks sketchy. But I'm looking to buy more near bottom. I've a couple funds that rebound hard when it happens so probably squeeze on more there.

Watching for another day or three for the sales event. Keep your sweaty hands dry for the keyboards.
__________________
project2501 is offline   Reply With Quote
Old 08-24-2015, 08:38 AM   #58
Recycles dryer sheets
 
Join Date: Aug 2007
Posts: 401
It's times like this that makes me glad I only have about 15% of my savings in equities.
__________________
DallasGuy is offline   Reply With Quote
Old 08-24-2015, 08:45 AM   #59
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 16,470
Quote:
Originally Posted by M Paquette View Post
Meh. Wake me when it's 20% off the high. I might need to rebalance...


Sent from my iPad using Early Retirement Forum
Over half way there now!
__________________
Well, I thought I was retired. But it seems that now I'm working as a travel agent instead!
audreyh1 is online now   Reply With Quote
Old 08-24-2015, 08:45 AM   #60
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,887
Yikes, the Dow is down 939 points in the first 7 minutes! OK, that's it, I'm pretty excited.

This summer I moved to my "dream home" which (as you probably guessed) is nicer and more expensive than my old house. When you add in the cost of moving, maintaining two houses for a month and a half before closing on the sale of my old house, upgrading some things in my dream home, paying closing costs, and so on, the total cost of this moving escapade came to around $65K.

I'd love to make that much back by buying low! Oh rats, while I wrote this post the Dow rose to where it is only down 662 points.
__________________

__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is online now   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Preventing hang over question My Dream Other topics 19 08-02-2011 11:33 AM
Is There A Hand Signal For "Just Hang Up The Phone And Drive?" Rustward Other topics 48 04-10-2011 10:00 PM
Wrong night to hang around the office UncleHoney Other topics 13 07-04-2009 03:29 PM
Hang Seng 73ss454 FIRE and Money 2 10-22-2007 03:49 AM
How long, to hang onto home purchase documents Sundance Kid Other topics 15 01-13-2006 12:06 PM

 

 
All times are GMT -6. The time now is 07:12 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.