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03-09-2020, 06:44 AM
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#1
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Recycles dryer sheets
Join Date: Aug 2018
Location: Burlington
Posts: 171
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Make It Stop!!!!!
Glad I retired a month ago so I can stay in bed today with the covers over my head ...
Yes, I know—if your AA is right, you can relax, blah blah.
Doesn’t mean this doesn’t SUCK 😬
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03-09-2020, 06:51 AM
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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: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
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Even with my conservative AA it still sucks. This correction could last a very long time too. Probably until some good news happens with respect to the coronavirus. Then again.......I know nothing about nothing.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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03-09-2020, 06:55 AM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,304
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It’ll all be fine. You’re probably not going to like today though...
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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03-09-2020, 08:32 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Jul 2015
Location: Beaverton
Posts: 1,382
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Have a month to decide if I want to take my yearly allocation for my budget or start SS a year sooner than planned.
__________________
Jump in, the water's warm.
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03-09-2020, 08:38 AM
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#5
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Dryer sheet aficionado
Join Date: Mar 2017
Posts: 34
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 Quote:
Originally Posted by SoReadyToRetire
Glad I retired a month ago so I can stay in bed today with the covers over my head ...
Yes, I know—if your AA is right, you can relax, blah blah.
Doesn’t mean this doesn’t SUCK 😬
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Ha, I’m also finding “covers over the head” to be helpful.
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03-09-2020, 08:45 AM
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#6
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Full time employment: Posting here.
Join Date: Nov 2008
Location: Louisville
Posts: 601
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It's Christmas in March at Berkshire Hathaway. Charlie and Warren are making a list and checking it twice. They can finally spend some of those billions! 
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03-09-2020, 08:50 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Nov 2016
Location: Washington State
Posts: 2,359
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I'm still 3-4 years from retirement. If the market is going to crash, I would prefer it happen now so it has time to recover before we retire. I only wish I had extra cash to invest while prices are down.
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03-09-2020, 08:54 AM
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#8
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Thinks s/he gets paid by the post
Join Date: Aug 2012
Posts: 1,862
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Quote:
Originally Posted by mountainsoft
I'm still 3-4 years from retirement. If the market is going to crash, I would prefer it happen now so it has time to recover before we retire. I only wish I had extra cash to invest while prices are down. |
If you're still contributing to your 401(k) (or whatever) I'd consider that cash to invest while prices are down.
I kept chucking it in in 2008/09 and it was a thing of beauty when things got back to 'normal'.
__________________
FIRE Class of 2018 @ 61
Old men and women sit in the shade of trees they planted long ago
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03-09-2020, 08:54 AM
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#9
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Full time employment: Posting here.
Join Date: Jan 2013
Posts: 622
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Quote:
Originally Posted by SoReadyToRetire
Glad I retired a month ago so I can stay in bed today with the covers over my head ...
Yes, I know—if your AA is right, you can relax, blah blah.
Doesn’t mean this doesn’t SUCK 😬
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Take a deep breath. Go for a run, a bike ride, a movie, a hike. Relax and enjoy life. Forget about the market. The Great Recession passed. This too shall pass.
Lucky Dude
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03-09-2020, 08:56 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Aug 2017
Location: Champaign
Posts: 4,729
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This might sound crazy. Our last big buy in to VTSMX, Dow at ~16,000. DH just mentioned this morning, he wants to sell a portion of bonds in tIRA and buy VTSMX. His thoughts were to wait until it hits 22,000. I know this sounds like market timing. Thoughts and criticism welcome.
__________________
"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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03-09-2020, 08:56 AM
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#11
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: South central PA
Posts: 3,486
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I kept maximizing my 401K and putting some into my after tax investments as well in 2008. I sold some equities to increase my cash position in November. Now I wish I sold more. I enjoy rollercoasters. I don't enjoy financial rollercoasters.
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03-09-2020, 08:57 AM
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#12
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Thinks s/he gets paid by the post
Join Date: May 2014
Posts: 1,390
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I don't know much. I know that this will get better at some point. I don't know when, but I know it will.
__________________
Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things. Charlie Munger
The first rule of compounding: Never interupt it unnecessarily. Charlie Munger
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03-09-2020, 09:06 AM
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#13
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Thinks s/he gets paid by the post
Join Date: Mar 2012
Posts: 3,931
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I am loving every single minute of this.
My 2/98 AA has had my bottom line going up a nice amount every single day for the past couple weeks.
Now, I am getting solid dividend paying companies that have been beaten down to prices that are 10 and 20 year lows...5% to 10% dividends when the 10-year treasury is fighting to hold 0.50%.
Please, let this continue. The stock market is acting as if this is the end of the world.
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03-09-2020, 09:08 AM
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#14
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Recycles dryer sheets
Join Date: Dec 2012
Posts: 126
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I'll go ahead and take our annual IRA withdrawal at the end of the month. FIRECalc is still at 100% so I will hold my nose and take the plunge.
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03-09-2020, 09:13 AM
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#15
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gone traveling
Join Date: Sep 2018
Location: Washington, DC
Posts: 575
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Bought in to IVV last week around 280, again today. Still a ways out for retirement, so I don't feel the same angst as OP. If you have it, I think a good time to throw some in...
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03-09-2020, 09:14 AM
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#16
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Thinks s/he gets paid by the post
Join Date: Apr 2008
Posts: 2,024
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Quote:
Originally Posted by njhowie
My 2/98 AA has had my bottom line going up a nice amount every single day for the past couple weeks.
Now, I am getting solid dividend paying companies that have been beaten down to prices that are 10 and 20 year lows...5% to 10% dividends when the 10-year treasury is fighting to hold 0.50%.
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Sounds like our portfolio's AA since forever. Can afford to cough up 20% of our net worth and still do quite fine (we would rather not lose that amount, but that's a different matter). Might be time to return to stocks.
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03-09-2020, 09:16 AM
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#17
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 2,526
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If you really want to put the covers over your head just think Japan stock market hit a high of 38916 at the end of 1989. It never recovered to anywhere near that level in the intervening 30+ years and is currently at 19698
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03-09-2020, 09:23 AM
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#18
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Recycles dryer sheets
Join Date: Nov 2017
Posts: 87
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Buy low....sell high
This is the time to be buying.....not selling.....
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03-09-2020, 09:23 AM
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#19
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,266
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Wake me up when we have had another day like the one where the market dropped 20% in one day. And, when the market overall is down over 20%.
Cheap oil. What a disaster! Cheap energy. What a horror! The next thing you know the Fed will raise interest rates and slow down the War on Savers. 
I suppose from the point of view that we need to burn less carbon based energy products it's not good in the long run. Today, I will be helping my Tesla owning neighbor convert his car to gasoline. OK, just kidding. He would never give up his Telsa. Never!
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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03-09-2020, 09:24 AM
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#20
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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: 50,021
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Quote:
Originally Posted by SoReadyToRetire
Glad I retired a month ago so I can stay in bed today with the covers over my head ...
Yes, I know—if your AA is right, you can relax, blah blah.
Doesn’t mean this doesn’t SUCK 😬
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+1
We should have never cut funding for the Plunge Protection Team! 
__________________
Numbers is hard
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