Same here. But counting from personal top, it's $178K gone!
Well, it's still the money that the market god [-]gave[/-] loaned. It still hurts though.
So we can claim any return we want because changes in the market might make it eventually true?
Which 15 year period?
Again showing real returns with dividends reinvested here: S&P 500 Return Calculator - Don't Quit Your Day Job...
Even the peark March 2000 you mentioned shows over a 2% return to today. I'm not doubting one exists (I sure haven't run every 15 year period) but sure am having trouble getting that calculator to back up either your original 1.3% claim or your later 1.73%.
Nov 99 to Nov 2014 shows 1.954% real return with dividends reinvested, does that mean failure for a portfolio? It would be interesting to know which percentage of portfolios would fail after a 2% return over first 15 years, especially if you keep in mind very few people are 100% stocks during withdrawal phase and much of the last 15 years has been a bond bull.
y2k retirees with 100% of their assets in the stock market, do you think this is common?according to kitces the math needed to sustain the 4% rule in the lab with no real world spending patterns is you must sustain at least a 2% real returen average over the first 15 years of any 30 year retirement period.
mathamatically you would have failed every time so far that you didn't.
y2k retirees so far have not done that but so far that is the only recent period that clocked in less than 2% real return .
Kinda weird when you consider that loss compared to the stats one always seen thrown around in those avg net worth oh-my-gosh type articles. You probably lost from peak more than most people ever had.So, it's only $147K, even after today's loss. Ah, I feel better now.
Right! I don't bother to see how much I "lost" during a given period, because I gained that much earlier in the year, so it really doesn't matter.The way I look at it, if I weren't in the market I would not have that money to "lose" in the first place. And also, life would not be as exciting.
Lemme see after today's drop, how much I have "lost" since that personal top. It's...
Oh wait! I forgot to account for our withdrawal for spending since that high watermark. So, it's only $147K, even after today's loss. Ah, I feel better now.
Even if we enter bear market territory with this current downturn, it should be of no concern to the long term investor. I know watching your accounts go down is no fun. What has worked for me is to invest whatever I can regardless of the market strength. You have to have an iron will to be a stock investor.I want to be the first to panic that this downturn will be ruiness.
Remember how bad it was in October? We are headed for at least that kind of calamity, possible worse this time. In fact we may never recover again. It may be a new normal in which stock owners report to work each day because the laborers are in charge of investment capital.
I just saw a dog living with a cat and they had a pet duck.
Kinda weird when you consider that loss compared to the stats one always seen thrown around in those avg net worth oh-my-gosh type articles. You probably lost from peak more than most people ever had.
The way I look at it, if I weren't in the market I would not have that money to "lose" in the first place. And also, life would not be as exciting.
Lemme see after today's drop, how much I have "lost" since that personal top. It's...
Oh wait! I forgot to account for our withdrawal for spending since that high watermark. So, it's only $147K, even after today's loss. Ah, I feel better now.
I think I've successfully desensitized my wife. I'll say something like "We lost as much today as our 3 week Italy trips cost." Part of it is to get her to not sweat the cost of our vacations. A major vacation is literally market noise on our portfolio value.PS. My wife is getting more seasoned too. I would tell her what we gain or lose at the end of each day when the last MF reports in, and Quicken has tallied it all up. She used to be scared at big drops, but now she would just say "That's bad", then went back to watching her Internet video.
I have realized that is one reason I am more conservative with investing than most here. Our money didn't come mainly from the market.
I think I've successfully desensitized my wife. I'll say something like "We lost as much today as our 3 week Italy trips cost." Part of it is to get her to not sweat the cost of our vacations. A major vacation is literally market noise on our portfolio value.
I will say that your portfolio must be significantly larger than ours. We're not anywhere near $147,000 in losses.
The 29th in 29. It was IN the papers!
3MM investable - Nice to have.Before today (another $10K loss?) I am down $43K over the last 7 trading days. About 1.5% of my investable assets; 0.9% of my net worth. Pretty comfortable with my AA.
Either that, or simply have the constitution where you don't get easily worked up about things. If you have the right temperament, "setting and forgetting" your portfolio, with the exception of occasional rebalances, is a particularly easy thing to do. If you're talking about individual stocks, as opposed to a lazy portfolio with funds, I'd suggest that a similar temperament is equally beneficial.You have to have an iron will to be a stock investor.
For the chartists....
(hope I don't get banned for linking this)
anyway... very colorful.
http://www.zerohedge.com/news/2014-12-16/total-chaos-massive-market-moves-spark-selling-panic-close
25 charts.