Vanguard total US stock market.
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If this were a real crash or buying opportunity, people would be talking about the end of days and looking for a place to throw up, not discuss what to buy.
In 1939, with Hitler\'s Germany ravaging Europe, John Templeton bought $100 of every stock trading below $1 on the New York and American stock exchanges. Templeton\'s trade got him a junk pile of some 104 companies, 34 of which were bankrupt, for a total investment of roughly $10,400. Four years later he sold these stocks for more than $40,000!
I'm feeling a lot better. With all the threads talking about 2016 bear markets, 2008 repeats, etc., I think we're much less likely to actually experience one this year.
+1
If this were a real crash or buying opportunity, people would be talking about the end of days and looking for a place to throw up, not discuss what to buy.
Don't worry if so many posters still talk about buying. The day is still young. If the market drops to 1/2 as it did in early 2009, there will not be so many posts about buy, buy, buy... I can guarantee it. People will be too scared, and the talk will be about drawing early SS or buying annuities. In the past couple of years, there were so many posts about delaying SS to 70. That could have served as a contrarian signal.
I would talk with my wife about working few more years (passed planned departure) Which is what I did in 2008.
With that RV up in the mountains sounds to me like you got everything covered. Maybe blowing up volcanoes and Rewahoo's asteroid excluded...I would too. But for me, that is now water under the bridge. I will have to cope, using whatever I have on hand, plus the early SS.
Currently still working with 25 years to retirement so I'll probably still be buying.Don't worry if so many posters still talk about buying. The day is still young. If the market drops to 1/2 as it did in early 2009, there will not be so many posts about buy, buy, buy... I can guarantee it. People will be too scared, and the talk will be about drawing early SS or buying annuities. In the past couple of years, there were so many posts about delaying SS to 70. That could have served as a contrarian signal.
If the market goes down to that level or somewhere near it, would you invest more money in the stock market? Would you even take some money out of your cash reserves and buy more equity? What would you buy?
Yes, that humble class C will shelter me from the rain and the cold. And with gasoline as cheap as it is now and still getting cheaper, travel will be affordable.With that RV up in the mountains sounds to me like you got everything covered. Maybe blowing up volcanoes and Rewahoo's asteroid excluded...
If it goes down to 2008 levels, I'd be out of surplus cash long before it hit those numbers. I have bought stocks every day (all in the Dow 30) so far this year. I have a lot of spare cash just waiting for bigger dips. The bigger the drops, the more I seem to buy. So by the time it got to 2008 levels I'd be out of my surplus that I've set aside for buying opportunities. Of course if I really thought we'd see those levels again, I'd wait.
I won't buy any stocks until the Schiller cape ratio gets down to at least it's long term avg of 16. Right now it is about 25. I would be planning on early SS most likely.
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