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View Poll Results: What was the damage to your portfolio.
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What damage? I gained some.
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11 |
6.21% |
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-1%
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18 |
10.17% |
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-2%
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56 |
31.64% |
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-3%
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63 |
35.59% |
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-4%
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13 |
7.34% |
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-5%
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4 |
2.26% |
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-6% or more
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2 |
1.13% |
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I don't like this poll, I won't vote.
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10 |
5.65% |
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02-27-2007, 02:24 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 2,155
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Feb 27 damage
Don't vote until the market is close for the day. What's the damage.
Edit: For the record: Dow -3.29%, SP500 -3.47%, Nasdaq -3.86%
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02-27-2007, 02:31 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: Mar 2003
Posts: 18,085
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Re: Feb 27 damage
I got spanked to the tune of 3%. Not the end of the world, and it was an opportunity to put some cash to work in stuff that got whacked.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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02-27-2007, 02:33 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 2,155
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Re: Feb 27 damage
 Quote:
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Originally Posted by brewer12345
I got spanked to the tune of 3%. Not the end of the world, and it was an opportunity to put some cash to work in stuff that got whacked.
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Huh? I thought you own a large percentage of bonds.
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02-27-2007, 02:37 PM
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#4
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Recycles dryer sheets
Join Date: Dec 2006
Posts: 149
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Re: Feb 27 damage
I put my life savings in the stock market one trading day before it fell 22% in October of 1987.
I made a vow to never look at the portfolio value again til the market recovers.
3% downturn ?......... : 
__________________
"Watch your topknot"
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02-27-2007, 02:40 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: Mar 2003
Posts: 18,085
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Re: Feb 27 damage
Quote:
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Originally Posted by Sam
Huh? I thought you own a large percentage of bonds.
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A fair bit, but not what I would call large. Yesterday I was ~25% cash and bonds. But I also own a lot of derivatives that change in value a LOT for modest market moves.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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02-27-2007, 02:43 PM
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#6
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Full time employment: Posting here.
Join Date: Nov 2006
Posts: 548
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Re: Feb 27 damage
-5.2% on my individual issues, -2.1% on 401k holdings.
What's ten or twenty tho between friends, for a day's sport, eh? <chuckle>
Seriously, this is just part of the ride, and since I'm not going anywhere for a while, I am not sweating it.
8)
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02-27-2007, 02:44 PM
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#7
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Recycles dryer sheets
Join Date: Jan 2006
Posts: 362
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Re: Feb 27 damage
Now the blame is on a computer "glitch".
__________________
Fat, drunk, and stupid is no way to go through life, son.
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02-27-2007, 02:47 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,005
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Re: Feb 27 damage
Not sure yet, but I'm guessing I'll have my first "five digit loss" day. Guess that's going to set back the FIRE date 2.3452 months! 
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02-27-2007, 02:48 PM
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#9
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Full time employment: Posting here.
Join Date: Nov 2006
Posts: 548
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Re: Feb 27 damage
Quote:
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Originally Posted by poboy
Now the blame is on a computer "glitch".
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...not on them trying to give Cheney the hot-foot? :
...or the Chinese peasants hocking their houses to buy into the China market? 
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02-27-2007, 02:48 PM
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#10
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 2,155
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Re: Feb 27 damage
Quote:
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Originally Posted by DRiP Guy
What's ten or twenty tho between friends, for a day's sport, eh? <chuckle>
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Not much, just 1 to 3 years worth of expenses if you retire in the DR, Panama, Estonia, Thailand, or the Phillipines. What country did I miss?
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02-27-2007, 02:49 PM
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#11
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Full time employment: Posting here.
Join Date: Nov 2006
Posts: 548
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Re: Feb 27 damage
Quote:
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Originally Posted by Sam
Not much, just 1 to 3 years worth of expenses if you retire in the DR, Panama, Estonia, Thailand, or the Phillipines. What country did I miss? |
Well I was doing great until then -- thanks 
(Note to self -- move my 80/20 allocation to more like 60/40 or 50/50 once we get some color back into the face of this market) 
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02-27-2007, 02:50 PM
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#12
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Recycles dryer sheets
Join Date: Dec 2005
Posts: 56
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Re: Feb 27 damage
Down 1.9%. There goes a couple months of gains.
Lots of over-blown fear reporting fueling the market. I'm hoping this sets up a nice buying opportunity soon.
__________________
Retire by 2010 or bust.
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02-27-2007, 02:51 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Jan 2004
Posts: 2,049
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Re: Feb 27 damage
I was long VIX and long JPY but not enough to offset my Russell 2000 holdings, which took a 4.7% hit.
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02-27-2007, 02:53 PM
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#14
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Full time employment: Posting here.
Join Date: Nov 2006
Posts: 548
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Re: Feb 27 damage
Quote:
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Originally Posted by Slarty
Down 1.9%. There goes a couple months of gains.
Lots of over-blown fear reporting fueling the market. I'm hoping this sets up a nice buying opportunity soon. |
DCA is a beautiful thing!
Of course, you have to be willing to buy and not just be totally on sidelines... that's the beautiful thing about the 401(k) - I have it set on it's choices, and it will buy like clockwork without me trying to outguess it.
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02-27-2007, 02:56 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 2,155
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Re: Feb 27 damage
Quote:
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Originally Posted by justin
Not sure yet, but I'm guessing I'll have my first "five digit loss" day. Guess that's going to set back the FIRE date 2.3452 months! |
I'm sure someone on this board see 6 digits today. Ouch!
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02-27-2007, 03:01 PM
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#16
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 2,375
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Re: Feb 27 damage
Heard that Suze Orman will be going on Larry King tonight to calm the trembling masses of investors!
Oh, where is Lou Ruykeyser when we need him, I ask you?
Hey, wab you can pick up some more TGT now....
You can bet that Soros, Buffett and their ilk are starting to look for bargains
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02-27-2007, 03:12 PM
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#17
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,005
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Re: Feb 27 damage
To keep myself in perspective, new contributions and gains over the last month or two more than offset the ~$10,000 I lost today.
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02-27-2007, 03:21 PM
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#18
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Recycles dryer sheets
Join Date: Nov 2005
Posts: 165
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Re: Feb 27 damage
Lost 2.63% today :
Thats really not that bad for being 100% stocks. Go Go Large Divy Payers!
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02-27-2007, 03:29 PM
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#19
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Thinks s/he gets paid by the post
Join Date: Aug 2005
Location: Crownsville
Posts: 3,745
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Re: Feb 27 damage
I won't vote until tomorrow, but if I were to take an educated guess, I'd say I'm going to take about a 3.5% hit. Only accounts that have spit out real numbers yet are my Scottrade account, down 3.7%, and some shares of Boeing I have that are down about 2.0%.
This will probably be the single largest single day $ drop I have ever seen in my life. In contrast, I saw a hit of about 11% back around the 9/11 timeframe (the only two data points I have from back then in my spreadsheet are 9/7 and 9/21). However, I have nearly 5x as much invested today as I did back in late 2001, so in dollar terms, this one will "feel" like it hurts more.
Oh well, I'm not gonna cry over it. Just look at it as a buying opportunity! In a couple years, I probably won't even remember this blip!
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02-27-2007, 03:37 PM
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#20
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Full time employment: Posting here.
Join Date: Apr 2006
Posts: 897
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Re: Feb 27 damage
Down 3.41%. Barely down! Not even concerned about where the eject handle is.
BUY BUY BUY! All in time for the beginning of the month, when next DCA sum goes in...
-CC
Edit: I don't mean to demonstrate the unsportsmanlike conduct in front of those who are no longer in the accumulation phase.
Edit: Down 3.41 not 3.14%.
__________________
"There's those thinkin' more or less, less is more, but if less is more, how you keepin' score?
It means for every point you make, your level drops. Kinda like you're startin' from the top..." "Society" - Eddie Vedder
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