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11-16-2019, 06:53 AM
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#41
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Thinks s/he gets paid by the post
Join Date: Dec 2015
Location: Michigan
Posts: 4,942
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__________________
"The mountains are calling, and I must go." John Muir
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11-16-2019, 07:04 AM
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#42
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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: 50,000
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Why? I didn't make that post, I was a victim just like you were.
__________________
Numbers is hard
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11-16-2019, 07:26 AM
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#43
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,931
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Quote:
Originally Posted by REWahoo
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Wow - that is indeed a chilling post!
Especially the thrill at breaching 14,000 on the Dow.
__________________
Retired since summer 1999.
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11-16-2019, 07:35 AM
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#44
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,514
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Quote:
Originally Posted by audreyh1
Wow - that is indeed a chilling post!
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No kidding. It’s also quite similar to the first post in this thread. At a minimum, DEFCON 3
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11-16-2019, 07:42 AM
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#45
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Full time employment: Posting here.
Join Date: Dec 2017
Posts: 942
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Quote:
Originally Posted by Ronstar
... So I’m not only going to rebalance. I’m going to reconstruct my portfolio into a more than safe AA...
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IMHO, others will disagree, you are doing the right thing, and will be able to snooze at night.
__________________
FIREd at 59.5 on 2019-01-18
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11-16-2019, 07:50 AM
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#46
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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: 50,000
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Quote:
Originally Posted by Ronstar
This 28000 milestone brings back to light something that I’ve been thinking about lately. My portfolio has risen to a point that I didn’t think it would ever get to post retirement, and generates more than an adequate income. And my age has risen to a point where I have less time left to spend the money, and less time to recover from a future downturn.
So why continue the current AA? Even 50/50 presents more risk than reward to me. I have no heirs to leave $ to, so I have no reason to chase a higher $. So I’m not only going to rebalance. I’m going to reconstruct my portfolio into a more than safe AA.
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I can relate.
Out of curiosity, what AA are you going from/to? I will confess that in the process of moving DW's IRA from USAA to Vanguard a couple of months ago I allowed our equity allocation to drop from the low 40's to the low 30's. So far I've been reluctant to increase it.
__________________
Numbers is hard
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11-16-2019, 07:50 AM
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#47
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 5,981
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I was thinking about doing some covered call selling but looked into it and the downside protection really just isn't there unless you go really deep, at which point perhaps should just go cash or bonds.
Like on SPY you can sell Jan 2021$320 calls for $16.5 with the index fund at $312, but that only protects you from about a 5% drop while only giving you a max return of about 8%
Bonds are not very attractive right now though.
Cash or very very short term cash like things...but that is totally market timing.
So best to put head in sand.
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11-16-2019, 08:04 AM
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#48
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Thinks s/he gets paid by the post
Join Date: Aug 2017
Location: Champaign
Posts: 4,677
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Quote:
Originally Posted by REWahoo
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Thread starts with jubilation about market highs and ends with healthcare.
__________________
"Do not go where the path may lead, go instead where there is no path and leave a trail."
Ralph Waldo Emerson
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11-16-2019, 08:12 AM
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#49
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,931
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Quote:
Originally Posted by Rianne
Thread starts with jubilation about market highs and ends with healthcare.
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It was still late 2007 (November) when the thread ended. After the Market peak, but still well ahead of the bloodbath that occurred in 2008.
I’m sure there are numerous threads here with gnashing of teeth in 2008 and early 2009! I remember reading many.
__________________
Retired since summer 1999.
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11-16-2019, 08:29 AM
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#50
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Thinks s/he gets paid by the post
Join Date: Aug 2017
Location: Champaign
Posts: 4,677
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Quote:
Originally Posted by audreyh1
It was still late 2007 (November) when the thread ended. After the Market peak, but still well ahead of the bloodbath that occurred in 2008.
I’m sure there are numerous threads here with gnashing of teeth in 2008 and early 2009! I remember reading many.
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We were still working during the bloodbath, so we had healthcare (at least) and a paycheck. Our dreams of retiring going out the window. I cannot imagine going through this time with the HC system the way it was for ER.
__________________
"Do not go where the path may lead, go instead where there is no path and leave a trail."
Ralph Waldo Emerson
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11-16-2019, 08:34 AM
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#51
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2008
Posts: 12,568
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This is a bad time for us to sell, as we are still liable for part-year MD income taxes. If only W2R had waited till January 1st!
__________________
If you understood everything I say, you'd be me ~ Miles Davis
'There is only one success – to be able to spend your life in your own way.’ Christopher Morley.
Even a blind clock finds an acorn twice a day.
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11-16-2019, 08:39 AM
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#52
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,514
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Quote:
Originally Posted by Amethyst
This is a bad time for us to sell, as we are still liable for part-year MD income taxes. If only W2R had waited till January 1st!
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Not sure about MD taxes, but when we moved out of NY investment income was only included in the NY return if it has been paid on days were were physically present in the state. There was no part year prorating of investment income.
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11-16-2019, 08:56 AM
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#53
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 2,525
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I hadn't realized that the original W... post was at Dow 14,000. So Dow 28,000 means the resulting debacle will be twice as bad? Sounds more like DEFCON 2 to me
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11-16-2019, 09:12 AM
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#54
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2006
Location: Boise
Posts: 7,862
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Quote:
Originally Posted by ejman
I hadn't realized that the original W... post was at Dow 14,000. So Dow 28,000 means the resulting debacle will be twice as bad? Sounds more like DEFCON 2 to me
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Or it could mean that 12 years from now the Dow will be at 56,000.
ETA: Whoops, W2R already made a similar comment upthread that I somehow missed. Sorry, W2R!
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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11-16-2019, 09:30 AM
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#55
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,468
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Quote:
Originally Posted by Ronstar
This 28000 milestone brings back to light something that I’ve been thinking about lately. My portfolio has risen to a point that I didn’t think it would ever get to post retirement, and generates more than an adequate income. And my age has risen to a point where I have less time left to spend the money, and less time to recover from a future downturn.
So why continue the current AA? Even 50/50 presents more risk than reward to me. I have no heirs to leave $ to, so I have no reason to chase a higher $. So I’m not only going to rebalance. I’m going to reconstruct my portfolio into a more than safe AA.
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GMTA. I do have a couple of potential heirs, but we are thinking similarly.
So, about a year ago I decided to change my written financial plan to adapt it more to old age, which hopefully is to come to me at some point. Instead of an AA of 45:55 (which worked out nicely for me in 2008-2009), I switched to an equity portion equal to 110 minus my age and I am slowly moving to that AA.
Should be completely moved to 110-age by 2021. I am 71 now, and 42:58 so I am not quite there yet.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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11-16-2019, 09:31 AM
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#56
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2009
Posts: 6,679
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I recently pierced the $1.6M mark thanks to market gains. My rollover IRA began with $235k in it back in mid-November of 2008. I had a 55/45 AA which has gradually reversed with the help of rebalancing. Today, without having added or removed a dime from it, the balance is now $653k, with the bond side more than tripled while the stock side nearly tripled.
Even the 2 weeks in early November my retirement money was out of the market in 2008 helped me out because the markets kept dropping, about 800 points in those first 2 weeks.
With all the market gains, I had to actually sell some shares in my taxable account's stock fund at a loss because that small paper loss will be more than offset by a real $2,500 gain from making myself eligible for an ACA tax subsidy. Go figure, in this era of gains, I had to create a loss! That's me, being an outlier again.
__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.
"I want my money working for me instead of me working for my money!"
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11-16-2019, 09:46 AM
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#57
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,196
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Quote:
Originally Posted by W2R
GMTA. I do have a couple of potential heirs, but we are thinking similarly.
So, about a year ago I decided to change my written financial plan to adapt it more to old age, which hopefully is to come to me at some point. Instead of an AA of 45:55 (which worked out nicely for me in 2008-2009), I switched to an equity portion equal to 110 minus my age and I am slowly moving to that AA.
Should be completely moved to 110-age by 2021. I am 71 now, and 42:58 so I am not quite there yet.
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I thought you were shooting for being the oldest woman alive. If so, what will you do at age 111?
__________________
TGIM
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11-16-2019, 09:55 AM
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#58
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,468
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Quote:
Originally Posted by Dtail
I thought you were shooting for being the oldest woman alive. If so, what will you do at age 111?
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Well that is true! The oldest woman alive today is around 116-117 years old, or so.
That's a hard question to answer. I guess at that when I am 111 years old, I'll be all cash and spending it fast enough to make one's head spin. So, calculating my AA will not be at the top of my list of goals.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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11-16-2019, 12:54 PM
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#59
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Syracuse
Posts: 3,501
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__________________
“No, not rich. I am a poor man with money, which is not the same thing"
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11-16-2019, 12:54 PM
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#60
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,201
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Quote:
Originally Posted by Vincenzo Corleone
After all these years reading this message board, I still can't figure out what the "W" word is. Would someone be willing to whisper it in my ear?
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Go to post #26 in this thread... third line... in green... last word. That is all I am willing to say.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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