kcowan
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Another way to look at this is that we are still ahead of our net worth when we retired in Aug 2002 and we have also burned through $300k living since then.
Yep, compared to last week, today I have lost 4.3% of my portfolio. One annual SWR gone.
In another thread, we talked about blood in the streets. I am wading through my own blood here, and just a few days ago, thought that my wounds have scabbed over.
No crying baby here, but I don't see how people having a more agressive AA than my 50% stock can take it. I thought I was tough, but "UNCLE... HAVE MERCY..."
Buy Buy Buy.
When it hurts, and your eyes are teeming with tears, that's when one should buy...
Buy Buy Buy. Tomorrow I will. And I am not kidding. Still got around 50% cash.
Buy Buy Buy. Until the exhiliration numbs the pain.
Peope with 50% cash aren't allowed to post about pain.
Ha
Well, you sir might have lost a leg, but can't I lament about the loss of my arm?
Sure. I was joking. Your pain is important NW-Bound.
ha
OK. Today, I did add a few hundred shares to my GE position.
Yes, despite big talks, I am a chicken. I don't want to run out of ammo, not knowing how long this battle is going to last. I don't want to switch on automatic mode, preferring to squeeze off a few rounds every so often, then go back down to the fox hole.
Buy buy buy.
I just completed computed my 2008 net worth (excluding home value) versus 2007:
- Decrease of 16.1%
Expressed graphically (a 19% decline from the peak -- 12% decline in 2008):
I usually calculate my NW on March 31 when all the year end reconciliations are in. Right now, based on my long term equity portfolio YOY losses of 25%, I'm conservatively assuming NW will be approximately $2m, SWR $80K @4%. If I lost my job today, I would be able to survive, though not retire as comfortably as I would like. I am going to continue saving, let time heal my portfolio and not worry too much.