ziggy29
Moderator Emeritus
Sure it is. Maybe it's good news -- that he doesn't have to stew over what he can't have any more....aaaaaa considering the bad news about the tanking market, perhaps this is not the time to give him this bad news.
Sure it is. Maybe it's good news -- that he doesn't have to stew over what he can't have any more....aaaaaa considering the bad news about the tanking market, perhaps this is not the time to give him this bad news.
Sooner you than me, Nords! Hotbunking has never appealed to me.20 years in the submarine force
Just face it...you've been "outed"....nice try though...LOL. It's no biggy to me as I'm female(and straight)....but the thing is that on occassions my hubby sits with me and reads some of the posts and your avatar caught his eye(and more then once)...LOL....I hate to have to tell him that you are a guy!!!...aaaaaa considering the bad news about the tanking market, perhaps this is not the time to give him this bad news.
We're also not hearing a whole lot from the folks who like to arb a mortgage.
My house "bond" is holding its value, i'm improving its value on the cheap, I'm not suffering stock market losses on the mortgage amount,
This of course, conveniently ignores the fact that if one does not put the money against the mortgage, there is a bigger pool of liquidity to draw from.....and my withdrawal rate is so low by not having to make debt payments that I really could care less what the market levels are.
I think this time is no different. You need a plan and need to stick with it. I had decided more than a year ago that I would go for listed commercial real estate at the end of this great market cycle, when this bear episode will be finished. I'm now up to 32% in cash, as I keep piling up cash and as the rest of the portfolio slowly melts... When time will come I will load the ETFs and close end funds I've been looking at for so long. And a new cycle will begin. The more difficult part is to decide what you want to do (and in which conditions) and to do it !
When time will come I will load the ETFs and close end funds I've been looking at for so long. And a new cycle will begin. The more difficult part is to decide what you want to do (and in which conditions) and to do it !
Poyet, which closed ends are you watching?
Ha
The difference is that without any debt to pay and employing a 3 bucket strategy, I dont have to sell any equities when I dont want to...ever. So price movements are irrelevant to me.
Given that, how do you respond to price movement? For example, what have you done or will you do now?Prices movements are always relevant for me.
Poyet- thanks for the symbols. I'll look them up today. BTW, I agree with your viewpoint- this fall is a good break for retirees who have some income or cash resources. The world will do what it does, but if we are going to be equity investors better to be in at lower average prices than higher.My favorite REITs CE income funds (with their current yields) are RIT (14,7%), IGR (9,8%), JRS (12,9%), NRO (19,4%).
I'm sure there are plenty of vulcans with 6" brass balls that like the idea of making an extra point or two over 30 year periods and dont reach for the pepto bismol when the market reels down a thousand points. I'm not one of them and this thread and its brethren suggest that most of the rest of us arent either.
So hold your own water. Hold it between your knees.
stay calm and ride it out...it WILL come back. Once it recovers, slowly rebalance and reduce your risk so that next time you won't be hurt.
Pretty bold statement, a SWR of 4% becomes highly risky 8% after a 50% portfolio decline. Look at the Japan index, there are no guarantees of what can happen in markets in the rest of one's life. Japan is down for around 18 years now and still about 65%, without even considering inflation even though there were some dividends. Prices movements are always relevant for me.
Sitting tight here. I did learn my lesson in 2001-02, when I was 100% in domestic equities. In the years since, I have gone to an approximate 60/40 split and diversified internationally, which has greatly moderated the pain this time. It is also helpful that I still have a j*b which pays the bills and leaves some for continued saving. If I were retired and living off my investments, I probably would not be so sanguine.
For all the doom and gloom out there, I just checked and I am about 1% (on net worth) below where I was at the stock market peak in October. I guess I'll just stay the course.