Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 07-28-2020, 02:40 PM   #101
Thinks s/he gets paid by the post
 
Join Date: Jun 2014
Posts: 1,077
Feeling ok with where I am, I did ROTH conversions and I sold a bunch individual stock,but then bought a bunch, like Tesla sub-$400. I also sold some Wellington near the bottom and bought VTI which I just converted back to Wellington. Some winners, some losers but all in all, I'm comfortable with what I did. I

We had to go into more cash as my BF is on a contract and we found out contracts can only last 2 years and then have to be converted, but there is very little chance his company is going to be hiring full time employees come Nov as hiring is completely frozen now.

My only thought is that you were giving poorer Americans $600 extra a week and they were spending it like gangbusters, you take that away and its just plain and simple going to hurt in the 3rd quarter. This next stimulus is more likely to be saved vs spent as people realize this is it. Alley claimed 35% of their respondents expect to lose their jobs in the next 4 weeks, thats crazy high. I expect the 4th quarter to be tough.
karen1972 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 07-28-2020, 03:12 PM   #102
Recycles dryer sheets
 
Join Date: Mar 2012
Posts: 386
Quote:
Originally Posted by bigcmagor View Post
Using this analogy, I plan to invest in public companies again once we determine how much of the tree has been hollowed out by current events. Many seem to believe that there's been no damage by the colonies of termites we've turned loose on the tree.
The best fishing is done in stormy waters.
__________________
FIRE'd---4/27/2018 @ 54. DW--RE date 03/01/19.
tdv2 is offline   Reply With Quote
Old 07-28-2020, 03:17 PM   #103
Recycles dryer sheets
 
Join Date: Aug 2012
Posts: 166
I have done nothing and will continue on my 70/30 path. Yes, I worry I could lose a lot. But realistically, I'm not tapping my investments for at least 7 years. I'm hoping we are on the other side of this by then. But who knows? It's all a gamble.
Live Free is offline   Reply With Quote
Old 07-28-2020, 03:42 PM   #104
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2016
Posts: 5,334
Quote:
Originally Posted by tdv2 View Post
The best fishing is done in stormy waters.
+1. I canít tell you how many times I have read on financial forums stories of people who got out, then waited for the all clear, which never comes, thereís always something and they never get back in or get back in at a top because the ďmarket looks like itís doing well.Ē
COcheesehead is offline   Reply With Quote
Old 07-29-2020, 02:01 PM   #105
Recycles dryer sheets
DD4L's Avatar
 
Join Date: Jun 2020
Location: Isle of Wight, UK and Savannah, GA
Posts: 56
Been through frustrating times with the Dividend Growth strategy rollercoaster, can't lie, especially REIT's. Sold out of every company that reset their dividend and pre-emptively sold a few others. Struggling to see Cracker Barrel and Las Vegas Gaming being as full of our senior populations as they once were so sold out of both, fortunately well in the green.

All big oil positions besides CVX are now sold out too based on the corporate overheads benefit of the work from home model, which I think will stick sufficiently to hit gasoline profits for a protracted time period (months maybe even years). Also sold out of all shopping mall related, just not worth the risk anymore. The Amazon habit also got a boost from the Covid stay at home model.

Portfolio is a lot more Preferred and dividend growth - military, utilities-focused from here, safe and boring. Still dividend growth but more high quality names.

Appetite for big risk/big yield/big reward is well and truly gone.

Sleeping a lot better for it, still no idea what the future holds but choosing not to worry about it.

DD4L
DD4L is offline   Reply With Quote
Old 07-31-2020, 03:57 PM   #106
Dryer sheet aficionado
 
Join Date: Nov 2015
Location: Hopedale
Posts: 38
Feeling good and excited. Didnít change our strategy. November (pending COVID-19 spread) we will be heading out on our retirement trip to Florida. Itís been a bit challenging considering the constant flux of things; now looking like cruising wonít happen this year so we are researching for alternatives like USVI or a camping trip.
habelsgtb is offline   Reply With Quote
Old 07-31-2020, 04:47 PM   #107
Recycles dryer sheets
 
Join Date: Feb 2018
Posts: 428
I held on for the ride. Some. like Boeing, will take a while to recover but other equities soared (and fortunately most in Roth). So my net worth is only ~1% down. But I'm not using any of my investments (yet) for living expenses anyway.
imnontrad is offline   Reply With Quote
Old 07-31-2020, 05:14 PM   #108
Recycles dryer sheets
 
Join Date: Jan 2012
Posts: 111
Feeling ok for today. This is my first full year of retirement. In previous downturns I was always working and retirement was in the future. I admit that I was very nervous in early spring and came close to selling at a small loss. DH was adamant that we stay the course (even though he does nothing with our finances). We did and are actually up from January.
bluelight is offline   Reply With Quote
Old 07-31-2020, 06:12 PM   #109
Recycles dryer sheets
 
Join Date: Nov 2019
Location: Jersey City
Posts: 362
Feeling great except for missing out on Apple rally. I sold about 2/3 of what I held when it bounced back to pre Covid levels. Apple is still 1/3 of my portfolio so I’m up 11-12% for the year but it could have been way more. Oh well... ��*♂️ In the meantime I’ve learned how to play with options, diversified with some dividend paying equities/funds (thinking long term) and put some cash into cryptos. Cash went into short term treasuries rollovers at Schwab for now but I’m seriously thinking about moving some of that to a self-directed IRA and investing in rental real estate (not in US though).
tenant13 is offline   Reply With Quote
Didn't Sell; the Opposite
Old 07-31-2020, 06:39 PM   #110
Recycles dryer sheets
 
Join Date: Nov 2010
Location: Crossville
Posts: 281
Didn't Sell; the Opposite

I did not change my allocation to stocks and in fact when more aggressively after select stocks that had a good drop in price, either buying them directly and selling covered call options, or selling put options realizing that they would not stay down forever. By holding to my strategy I have made back all the downturn that I initially took in Q1, and I'm approaching my all time high in the bottom line (retired so I don't have work income to artificially raise my bottom line; what you see if what the investments have given me).
ychuck46 is offline   Reply With Quote
Old 07-31-2020, 07:03 PM   #111
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Mar 2003
Posts: 18,085
Quote:
Originally Posted by habelsgtb View Post
Feeling good and excited. Didnít change our strategy. November (pending COVID-19 spread) we will be heading out on our retirement trip to Florida. Itís been a bit challenging considering the constant flux of things; now looking like cruising wonít happen this year so we are researching for alternatives like USVI or a camping trip.
Um, really, Florida?

Reads to me like "we are really looking forward to our retirement trip to the Gaza strip!"
__________________
"All animals are equal, but some animals are more equal than others."

- George Orwell

Ezekiel 23:20
brewer12345 is offline   Reply With Quote
Old 07-31-2020, 07:39 PM   #112
Thinks s/he gets paid by the post
seraphim's Avatar
 
Join Date: Mar 2012
Posts: 1,555
Just followed my AA. Considered buying more equity around time the dip bottomed out, but it recovered too quickly.
seraphim is offline   Reply With Quote
Old 07-31-2020, 08:46 PM   #113
Recycles dryer sheets
NoMoreJob's Avatar
 
Join Date: Feb 2012
Posts: 410
Did something happen?
NoMoreJob is offline   Reply With Quote
Old 08-01-2020, 12:29 AM   #114
Confused about dryer sheets
 
Join Date: Jan 2018
Location: Tucson, Chiang Mai, San Juans
Posts: 6
After collecting several thousand of TSLA over the past 6 years, I feel great. But was sweating for a while those years when Elon was evidently getting quite high.
slatoid is offline   Reply With Quote
Old 08-01-2020, 04:13 AM   #115
Recycles dryer sheets
 
Join Date: Mar 2012
Posts: 386
Quote:
Originally Posted by bluelight View Post
Feeling ok for today. This is my first full year of retirement. In previous downturns I was always working and retirement was in the future. I admit that I was very nervous in early spring and came close to selling at a small loss. DH was adamant that we stay the course (even though he does nothing with our finances). We did and are actually up from January.
Panicking and knee jerk reactions typically don't work out well....you did good not liquidating during the middle of the turmoil in March. One thing we can expect for sure, there will be another downturn in the future....the question will be what causes it?, when will it happen?, how long will it last? how deep will it go? unfortunately the answers to these questions are unknowable. Just knowing that it will happen and having an AA that won't derail your retirement should give you the mental calmness to ride it out once again. Personal finance is all about having a good plan and executing it....not about predicting the future and exposing your portfolio to a series of lucky or unlucky guesses.
__________________
FIRE'd---4/27/2018 @ 54. DW--RE date 03/01/19.
tdv2 is offline   Reply With Quote
Old 08-01-2020, 04:36 AM   #116
Recycles dryer sheets
 
Join Date: Mar 2020
Location: Somewhere Cold
Posts: 281
Quote:
Originally Posted by TechLead View Post
Lot of people sold in March or changed allocation strategy by reducing equity exposure. Most did not change their strategy.

How do you feel now about your decision?
If you sold or reduced equities when do you plan to get back in?

I will ask same question end of next month.
I'm fine. I rebalanced back to 60/40 on March 19th or so when I noticed my ratio was 52/48. Since then my accounts have more than recovered and all of them are positive for the year.
ArmchairMillionaire23 is offline   Reply With Quote
Old 08-01-2020, 05:10 AM   #117
Full time employment: Posting here.
racy's Avatar
 
Join Date: May 2007
Posts: 819
Quote:
Originally Posted by NoMoreJob View Post
Did something happen?
Now there's a guy that not only stayed the course, but was asleep below deck!
__________________
"It is better to have a permanent income than to be fascinating". Oscar Wilde
racy is offline   Reply With Quote
Old 08-01-2020, 05:57 AM   #118
Recycles dryer sheets
 
Join Date: Mar 2010
Location: Just south of Rochester
Posts: 119
Portfolio wise I'm doing fine. Basically sticking to a 50/50 investment bucket AA. I did rebalance in April, along with a ROTH conversion. The only real change I've made is to be slowly increasing my cash bucket to four years of expenditures from two. This includes two years of RMD.
I can't help but feel there is just something wrong with this market's valuation.
vince is offline   Reply With Quote
Old 08-01-2020, 07:20 AM   #119
Thinks s/he gets paid by the post
frayne's Avatar
 
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,457
Quote:
Originally Posted by Midpack View Post
I feel fine. I didnít sell in Ď87, Ď00 or Ď08 - so asking in a month isnít likely to change anything. And so far selling off in March was a costly mistake...
+1
__________________
"My investing style is beauty-in-simplicity, set it and forget it with index funds, along with a little dabbling around the edges for fun and profit" credit to Markola.
frayne is offline   Reply With Quote
Sounds good to me
Old 08-01-2020, 08:02 AM   #120
Recycles dryer sheets
 
Join Date: Nov 2010
Location: Crossville
Posts: 281
Sounds good to me

Quote:
Originally Posted by brewer12345 View Post
Um, really, Florida?

Reads to me like "we are really looking forward to our retirement trip to the Gaza strip!"
I suppose they could have said WA or OR. That would read to me like "we are really looking forward to our retirement trip to 1980s Beirut".
ychuck46 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Real Estate: Sell first; buy later. Or Buy First Sell later Livin Large in MT Life after FIRE 39 07-31-2021 02:37 PM
10 year plan still 10 years away...19 months later 10years away Hi, I am... 13 08-02-2013 09:46 PM
ER in 4 months...or 11 months...or 24 months... BarbWire Hi, I am... 3 01-05-2012 06:50 AM
Logistics of paying off balloon mortgage, then selling house 1-2 months later RunningBum FIRE and Money 9 05-28-2008 11:04 PM
19 months later - update igsoy FIRE and Money 6 09-29-2007 01:52 PM

» Quick Links

 
All times are GMT -6. The time now is 02:27 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2022, vBulletin Solutions, Inc.