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Old 07-28-2007, 04:26 PM   #41
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No calls, no pension. Portfolio is just as you intuited. So it's okay. I know it would be foolish to do anything but sit tight. I didn't make it to this point by attempting to market time! But I am definitely glad that this correction happened after one full year of RE, rather than right at the beginning (would have interpreted as an ominous sign that the money gods thought I was being presumptous in retiring too early and wanted to punish me!).
“It is not a sign of good health to be well adjusted to a sick society”.------Krishnamurti
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Old 07-29-2007, 01:49 AM   #42
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Has anyone credible actually labeled the current pull back a 'correction'?
Life is GREAT!
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Old 07-29-2007, 09:08 AM   #43
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I've lost a month's salary. While that's no $120k, it's a pretty big loss for me. I have decided that to keep my nerves, I should spend a few hundred dollars on toys to make me feel rich. After all, a month's salary is no big loss to a rich guy, right?

I just ordered a new set of MAME ROMs since mine is out of date. Should keep me occupied long enough that I won't log into Vanguard until the market bounces back
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Old 07-29-2007, 09:15 AM   #44
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I logged into Vanguard yesterday .I lost more than the price of my first house .Luckily I bought that house in 1970 .Hope things get better !
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Old 07-29-2007, 11:22 AM   #45
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I haven't checked yet to see how much I've "lost". I had a gut feeling that things were going to fall though, mainly because my portfolio hit a new milestone about a month ago, breaking the $400K barrier. Last time I added everything up, I was up to around $413K, but that was before the market started slipping.

When we had that little hiccup back in February, I think it put me down about 8-9% for a moment, but it bounced back pretty quickly. That didn't even faze me. When we had that little correction last summer though, it was a bit more disturbing. Mainly because I co-signed on a car loan for a good friend of mine, and I swear, within a month, he became deathly ill and the market started to tank. I was more worried about him dying than the market going down or the possibility of getting stuck with a dead man's car payment, but everything just sort of compounded, and made the situation worse.

Thankfully, my buddy recovered and got out of the hospital. Oddly, he got out about the same time as the market recovered to where it had been before the start of him getting sick/the "correction".

This time around, I'm not sweating it. In fact, I just upped some of my automatic monthly investments, in the hopes of taking advantage of it.
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