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08-04-2008, 05:25 PM
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#1
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Confused about dryer sheets
Join Date: Aug 2008
Posts: 5
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Que pasa?
Hello, I'm mark in Texas. I'm a money nut. I like reading the Journal, listening to Marketplace and watching the NBR. All in one day! So lately, my focus has been on retirement portfolios. Mine ain't doin too hot, I think that's the general consensus. I am very curious how others are reacting to the latest crisis.
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08-04-2008, 05:50 PM
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#2
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Recycles dryer sheets
Join Date: Jan 2008
Posts: 148
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Welcome! By now you have probably roamed the different threads and you will see a mix of reactions.....seems the majority here are staying the course. Fire and Money has several discussions you might be interested in.
Now if I was just a bit handier with this silly computer stuff I would reference a couple of threads  but I'm not. Someone will surely help you out though!
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08-04-2008, 09:56 PM
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#3
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Moderator
Join Date: May 2007
Posts: 12,516
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Hello,
welcome to the board. My view is that reacting to the current crisis could do more harm than good in the long term, so I am just turning off the TV and staying the course. I try to only worry about the things I can control (fees, commissions, taxes, asset allocation, etc...) and let Mr. Market do its thing.
__________________
46 years old, single, no kids. Exited the job market in 2010 (age 36). Have lived solely off my investments since 2015 (age 41). No pensions.
Current AA: real estate 65% / equities 10% / cash 25%; Current WR: 1.6%
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08-05-2008, 07:27 AM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Charleston, SC
Posts: 13,564
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My attitude is ignore the chatter (I don't even have a TV) and keep piling the cash into the market. Now if I was already retired, I'd be more nervous, of course, but I subscribe to the notion of cash buckets like many of our retirees here.
__________________
“One day your life will flash before your eyes. Make sure it's worth watching.”
Gerard Arthur Way
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08-05-2008, 11:42 AM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,976
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As I have all my income needs covered with a reasonable margin by distributions from securities, typically fluctuations in market behavior wouldn't hurt me. An extreme business or national failure could, and my own investment misjudgments could if I made enough bad choices.
Otherwise my risks are more from non-financial areas of life, somehwat similar to someone with a good pension.
Nevertheless, market distress can always make me question myself. I think it is just human nature.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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08-05-2008, 02:06 PM
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#6
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Confused about dryer sheets
Join Date: Aug 2008
Posts: 5
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Thank yall for the warm welcome
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08-05-2008, 02:18 PM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2007
Posts: 7,746
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My retirement accounts are going great! I'm getting 25% more stock for my money these days than I was this time last year.
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