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Old 03-04-2018, 06:43 AM   #61
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Another BIG concern - access to quality, affordable health insurance after 2018.[/QUOTE]

I am fully dependent on ACA currently, so have these yearly concerns for 6 more years.
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Old 03-04-2018, 08:44 AM   #62
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In 2008 I did not have enough cash. I had many sleepless nights. But I held on and came out OK in the end after a lot of belt tightening. Now I have much more cash (probably too much) but I want to sleep at night. So I would say 2008 made me more cautious and conservative.
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Old 03-04-2018, 08:49 AM   #63
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If I had to pick one or the other, I would go with spoil.
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Old 03-04-2018, 08:51 AM   #64
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If I have a 'meh' mentality today it's because my allocation to stocks is much lower than 2008.


+1

And for the record, I donít consider a 3-10% drop from record highs after a decade long bull market to be a buying opportunity. When markets plummet 30% +, and people everywhere are freaking out the world is ending, thatís when Iíll be a buyer.
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Old 03-04-2018, 11:51 AM   #65
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+1

And for the record, I donít consider a 3-10% drop from record highs after a decade long bull market to be a buying opportunity. When markets plummet 30% +, and people everywhere are freaking out the world is ending, thatís when Iíll be a buyer.
Right on. I'll be a conservative buyer (money that isn't needed for continued FI) and I'll buy only after a 25%+ drop.
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Old 03-04-2018, 11:58 AM   #66
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...And for the record, I don’t consider a 3-10% drop from record highs after a decade long bull market to be a buying opportunity. When markets plummet 30% +, and people everywhere are freaking out the world is ending, that’s when I’ll be a buyer.
I bought during the recent market rout. Just to increase my stock AA back to where it was in early Jan before I sold. Been working to reduce the AA back. Will not get rich or anything if I am successful with the maneuver, but something to do for fun. If I am wrong, won't bankrupt me either.

Yes, I play short-term market movements too. Big market drops like the Great Recession in 2008 do not come by very often (or one hopes so).
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Old 03-04-2018, 12:33 PM   #67
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With the market seemingly taking a 300+ point drop every day of late, my general reaction is 'meh!'.

Having white-knuckled the 2008 Great Recession and survived it quite profitably, I'm wondering if one of the side benefits was for folks to have learned to not over-react to such drops.

So, did anyone else change their view of market drops/corrections after 2008? In addition to now viewing market plummets as buying opportunities, are you more relaxed about a big air pocket than before '08? Did the recession of '08 spoil you or ruin you?
Short answer: I radically changed my investing style after the market bottom and into the rise in June 2009. I rode out that decline though in true buy-hold fashion. I will not buy stocks into a declining market and will sell stocks into a rising market to maintain max equity percentage.

I changed methods in 2009 after a lot of time researching various timing methods. I won't go into details but the goal is to avoid a 1930's style many years bear market. The 2008-2009 decline was not of that duration or magnitude. But it might have been had events been otherwise. I'm not trying to time those 10% drops either. I've been fully invested since 2009 after my rebalance higher in stocks.

This last week in the markets shows how unexpected future events can shape our markets. Some commentators have said that they did not expect such protectionist measures and were surprised by the announcements. This is not a political pont. The point is that future unknowns will drive our markets and well, we just don't know.
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Old 03-04-2018, 12:50 PM   #68
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+1

And for the record, I donít consider a 3-10% drop from record highs after a decade long bull market to be a buying opportunity. When markets plummet 30% +, and people everywhere are freaking out the world is ending, thatís when Iíll be a buyer.
Same here! I canít get excited about a 10% correction when markets are way overextended.
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Old 03-04-2018, 04:04 PM   #69
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It spoiled me in a way not many people normally think of. The recession brought development in our beautiful area to a screeching halt. It also allowed us to get a fantastic price on a home. Things were quieter, with less tourism. That was very nice. Now, with the economy chugging away and all sorts of new developments building out, more traffic, and density increasing, all have me kind of wishing for another recession. My (selfish) two cents.
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Old 03-04-2018, 06:53 PM   #70
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Yes, the riff-raff now also have money, and they are surrounding you.

Perhaps that's why people keep moving up, to get away from the crowd.
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Old 03-04-2018, 06:53 PM   #71
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Not spoiled, but starting to smell funny...
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Old 03-04-2018, 08:08 PM   #72
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Three teeth pulled this week and DW's Doc making suggestions about a future knee replacement we are more worried about ER rot than a Mr Market rout.

Spend that AA and boogie while we can.

heh heh heh - Coming up on 25 years of ER, more worried about the hour glass running out of sand than Mr Market doing us in. A good thing. I think?
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Old 03-04-2018, 08:19 PM   #73
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Unclemick thanks, good reminder to not forget to live it up.

Today we made reservations for a trip to Zion and Capital Reef for mid-May.
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Old 03-04-2018, 08:25 PM   #74
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Three teeth pulled this week and DW's Doc making suggestions about a future knee replacement we are more worried about ER rot than a Mr Market rout.

Spend that AA and boogie while we can.

heh heh heh - Coming up on 25 years of ER, more worried about the hour glass running out of sand than Mr Market doing us in. A good thing. I think?
Ouch! So sorry that you two are going through this right now.
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Old 03-04-2018, 09:33 PM   #75
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It spoiled me in a way not many people normally think of. The recession brought development in our beautiful area to a screeching halt. It also allowed us to get a fantastic price on a home. Things were quieter, with less tourism. That was very nice. Now, with the economy chugging away and all sorts of new developments building out, more traffic, and density increasing, all have me kind of wishing for another recession. My two cents.
The way I rationalize increased traffic, crowds, etc. is that it's adding to my home value. Otherwise it'd be too annoying.
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Old 03-04-2018, 09:37 PM   #76
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It did not spoil me, but because our AA did not have me losing as much as the markets were down, and we were on the tail end of college expenses and were growing our savings accumulation, we were not as impacted. We chose to ride it out.

However it did make me think about what if it happened when I no longer had a good salary and high savings rate to fall back on. The result is, with RE on the near horizon, our AA is more conservative now than it was then, and we have enough in cash and the stable value bond fund in my 401K that, with my pension, would not require us to touch equities for 5-7 years (and in theory could no require us to touch equities at all if we lowered our planned retirement expenses).

I look at the long run. Even at the lowest drop in February our equities were still 4 times what they were at the 2009 low, our cash is close to twice as much, and our total debt is close to half. The markets would almost have to return to the 2009 level to cause us real concern.

It did impact my personal view of real estate. Many here are doing great with real estate investing, and if you are, more power to you. But that time taught me that I did not have to stomach to go through what I saw so many friends and family who have over leveraged their personal and investment real estate and got smacked badly when things tanked. That further convinced me to view our home as a place to live, and nothing else.
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Old 03-04-2018, 09:39 PM   #77
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Yes, the riff-raff now also have money, and they are surrounding you.

Perhaps that's why people keep moving up, to get away from the crowd.
exactly!
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