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Are we in for another roller coaster ride?
09-24-2009, 08:36 PM
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#1
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Recycles dryer sheets
Join Date: Jul 2007
Posts: 71
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Are we in for another roller coaster ride?
Well I made it through the crash . I think I'm about where I was a year ago. Any way in dollar numbers it seems about the same although the decrease in the dollar value may explain some of the increase.
For some reason I didn't get too emotionally involved while I lost about 35-50%. Basically waited it out,but Mr Market has had a hell of a run and Fundamentally I don't see much reason for things to have improved that much . The last couple of days have the hair standing up on the back of my neck for some reason......  I just don't want to ride another 2 g down hill plunge.
Right now I'm about 30% intermediate bonds/ 10% gold and gold stocks/20% Stocks,mostly large caps-international and some small caps/ 30% real estate , small amount timber land, small amount recreational pasture and the rest in a private reit that specializes in manufacturing facilities. Of course the Reit and other real estate is very hard to value at this stage ?
Any body got any suggestions other than maybe Valium patience and hope, not necessarily in that order.
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09-24-2009, 08:57 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,588
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If this is your retirement pot, stop reading the newspapers and stop watching the news. "Don't just do something, stand there."
I am serious.
I have not backed out of stocks, and my IRA is up about 40% since Feb, even after I had to take money out (out of work). If you like your asset allocation, stick with it or rebalance to what is was a year ago or so.
You haven't lost anything until you sell it.
__________________
I have outlived most of the people I don't like and I am working on the rest.
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09-24-2009, 08:59 PM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,022
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I'd add one thing to what Ed said: get a hobby. 
__________________
Numbers is hard
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09-24-2009, 09:03 PM
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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: Dec 2006
Location: Collin County, TX
Posts: 9,296
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Are we in for another roller coaster ride?
Yes. How's that?
Retired and living off assets here.  I've been taking dribs and drabs of profits from my stock holdings and putting them in fixed income/bonds. I have shaved my stock holdings down a bit...around 30% of my portfolio, but I will not go any lower.
Tomorrow I'm going to work out in the yard. 
__________________
There's no need to complicate, our time is short..
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09-24-2009, 09:05 PM
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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: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,022
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See? bbbamI has a hobby...
__________________
Numbers is hard
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09-24-2009, 09:30 PM
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#6
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Moderator Emeritus
Join Date: Jun 2007
Location: At The Cafe
Posts: 6,873
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I'm going cruising tomorrow. Don't worry I'll cover all bases, they sell lots of brands of beer on that boat.
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09-24-2009, 10:10 PM
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#7
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Recycles dryer sheets
Join Date: Jul 2007
Posts: 71
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Ok. Good advice all!
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09-24-2009, 10:28 PM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2008
Location: No fixed abode
Posts: 8,765
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Is that work - out in the yard?
Or
Work out - in the yard?
It will make a difference to the neighbors. 
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
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09-25-2009, 06:11 AM
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#9
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,037
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Special bonus: you can hit the slots afterward... 
__________________
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
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09-25-2009, 10:14 AM
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#10
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
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 Quote:
Originally Posted by harley
Is that work - out in the yard?
Or
Work out - in the yard?
It will make a difference to the neighbors. |
It will be a work out any way you look at it. There's nothin' sexier than a woman with ripped jeans, sweaty hair and tee shirt rasslin' a hedge trimmer. Right?  ..... 
__________________
There's no need to complicate, our time is short..
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09-25-2009, 10:15 AM
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#11
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Is that the equivalent of the sex appeal of a man doing the dishes and vacuuming the house?
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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09-25-2009, 10:21 AM
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#12
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
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Ooooooo...that idea really gets my trimmer motor runnin'...... 
__________________
There's no need to complicate, our time is short..
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09-25-2009, 11:00 AM
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#13
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: Austin
Posts: 1,142
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Sounds good to me. Would binoculars be considered beyond the pale in this case?
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09-25-2009, 12:59 PM
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#14
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
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Quote:
Originally Posted by IndependentlyPoor
Sounds good to me. Would binoculars be considered beyond the pale in this case?
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I guess it all depends on how focused you they are....
__________________
There's no need to complicate, our time is short..
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09-25-2009, 01:03 PM
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#15
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Full time employment: Posting here.
Join Date: Sep 2006
Location: Ontario, Canada
Posts: 837
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Thanks for putting a smile on my face bbbam1, I needed that. Have a great weekend everyone!
__________________
Newbie
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09-25-2009, 01:54 PM
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#17
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Full time employment: Posting here.
Join Date: Feb 2008
Posts: 920
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Quote:
Originally Posted by CuppaJoe
I'm going cruising tomorrow. Don't worry I'll cover all bases, they sell lots of brands of beer on that boat.
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Boat? I thought all you need was a municipal park with lots of bushes.
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09-25-2009, 11:28 PM
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#18
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,588
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__________________
I have outlived most of the people I don't like and I am working on the rest.
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09-26-2009, 11:05 AM
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#19
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Posts: 5,381
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Quote:
Originally Posted by Sevo
Mr Market has had a hell of a run and Fundamentally I don't see much reason for things to have improved that much .
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Hmmm, I don't know.
Six months ago everyone thought the world was going to come to an end. It didn't, and now is not expected to. That is a pretty gigantic swing in the fundamental outlook.
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10-01-2009, 07:44 PM
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#20
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Recycles dryer sheets
Join Date: Jul 2007
Posts: 71
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whoopee! hang on. !
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