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02-09-2018, 11:50 AM
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#461
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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 Quote:
Originally Posted by easysurfer
Down over 400 points as I type. Might run out of popcorn.
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I am afraid to eat popcorn now. May come down my windpipe. 
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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02-09-2018, 11:52 AM
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#462
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Full time employment: Posting here.
Join Date: Dec 2013
Posts: 774
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Break a tooth on an old maid
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02-09-2018, 11:53 AM
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#463
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Full time employment: Posting here.
Join Date: Dec 2013
Posts: 774
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The machines are in charge.
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02-09-2018, 12:06 PM
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#464
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Full time employment: Posting here.
Join Date: May 2013
Posts: 756
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Whew!
__________________
“Believe me, my young friend, there is nothing - absolutely nothing - half so much worth doing as simply messing about in boats.” ― Kenneth Grahame, The Wind in the Willows
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02-09-2018, 12:07 PM
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#465
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,501
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 This is more riveting to watch, than any spectator sport! The Dow is only down 45 points at the moment.
__________________
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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02-09-2018, 12:08 PM
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#466
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Full time employment: Posting here.
Join Date: Jun 2008
Posts: 534
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So as I watch the slide continue I wonder to myself what does the FED have left in it's quiver to help with any recovery of the market or the economy should it be needed? 
__________________
Never surrender what you really want for what you want right now.
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02-09-2018, 12:10 PM
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#467
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gone traveling
Join Date: Mar 2015
Location: Greenville
Posts: 653
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I feel for those that HAVE to pull money from accounts (forced selling). Most on here I have seen have 1-2 years of cash to ride this kind of event out.
My company does their contribution to my 401k 1 time per year, near the end of March, usually a pretty good sum. I have complained before about how they do this (once per year), but today, I am happy about it.
I am also looking to see when this turns and starts going the other way, and then I will double my semi-monthly contribution. Since I have probably 7-10 years before I need to draw (and 15 before RMD's), am still working and have about 1.5 years of expenses in cash, I'm watching with interest and not fear. Much different than I did in 2008, after learning so much more, and being part of this forum.
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02-09-2018, 12:16 PM
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#468
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Full time employment: Posting here.
Join Date: Dec 2013
Posts: 774
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QT underway inflation rising big chief jawboning stocks more debt slow growth. Ok lets talk about the negatives. North Korea still getting missles ready Iran simmering the sun is dimming bitcoin going to zero. Time to watch the Olympics
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02-09-2018, 12:20 PM
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#469
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,501
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Unbelievable! The Dow is UP 122 at the moment. (gobbling popcorn)
__________________
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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02-09-2018, 12:20 PM
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#470
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Full time employment: Posting here.
Join Date: May 2013
Posts: 756
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Just saw headline: "Jeff Bezos, Warren Buffett, Bill Gates lose $10B in market plunges...."
That's a lot of Lambo's!
__________________
“Believe me, my young friend, there is nothing - absolutely nothing - half so much worth doing as simply messing about in boats.” ― Kenneth Grahame, The Wind in the Willows
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02-09-2018, 12:23 PM
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#471
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gone traveling
Join Date: Mar 2015
Location: Greenville
Posts: 653
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For the Doom and Gloom guys, this is why you aren't scaring me....
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02-09-2018, 12:24 PM
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#472
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,501
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Quote:
Originally Posted by Pilot2013
For the Doom and Gloom guys, this is why you aren't scaring me....
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It's sort of like blowing the foam off the top.
__________________
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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02-09-2018, 12:26 PM
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#473
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,728
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So, we've gone from the end of the world to everything is beautiful, and the afternoon isn't even over. 
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02-09-2018, 12:27 PM
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#474
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,501
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What a day! 
__________________
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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02-09-2018, 12:33 PM
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#475
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2016
Posts: 9,526
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Quote:
Originally Posted by W2R
It's sort of like blowing the foam off the top.
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LOL! >>> Love that phrase. That mug of beer is what we paid for but when the foam settles is what we have left. LOL
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02-09-2018, 12:35 PM
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#476
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2016
Posts: 9,526
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Quote:
Originally Posted by FIREmenow
Just saw headline: "Jeff Bezos, Warren Buffett, Bill Gates lose $10B in market plunges...."
That's a lot of Lambo's!
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That's a lot of Lamborghini's. Glad I didn't leave that many sitting in the car lot. LOL
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02-09-2018, 12:39 PM
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#477
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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: 38,155
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Quote:
Originally Posted by NW-Bound
In the long run, stocks have been proven to outperform other assets. So, why not be 100% and call it quit?
Obviously, one needs to have some money set aside for rainy days. But instead of having a certain percentage in cash, how about having a certain dollar amount that is tied to one's needs. Or if one has plenty of assets, there's no need for any cash.
I am thinking of an argument for a higher stock AA, not lower.
PS. There are posters who are not in the accumulation phase yet are 100% in stock.
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No, I prefer to maintain a certain risk profile. Which is why I have a target AA and rebalance. Sure long term 100% stocks outperform on average (if you don’t run out of money - 80/20 has better survival characteristics for draw down), but for me as a retiree living off of investments, longer term I’m older, more feeble, and ultimately dead. I don’t care about having the biggest pot when I die, I care more about year to year volatility. I prefer a moderate allocation with good survival characteristics.
__________________
Retired since summer 1999.
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02-09-2018, 12:40 PM
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#478
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Hey, W2R does not even drink! How she knows about beer? I guess from watching Frank with his beer.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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02-09-2018, 12:44 PM
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#479
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,501
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Quote:
Originally Posted by NW-Bound
Hey, W2R does not even drink! How she knows about beer? I guess from watching Frank with his beer.
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He doesn't drink either! Which makes me very happy.
My ex, on the other hand, drank a lot of beer.
__________________
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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02-09-2018, 12:45 PM
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#480
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Full time employment: Posting here.
Join Date: Dec 2013
Posts: 774
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No one thinks that someone can lose $10 billion & still be a billionaire is out of the ordinary. The concentration of wealth that people think nothing of says allot about peoples perceptions & tolerance of the financial world.
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