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Old 07-08-2021, 03:23 PM   #121
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2008 didn't worry me a bit. Just kept on buying the bargains. A couple years later, ou-la-la!
The market downturn in 2008 gave me an unexpected boost to my ER, one I have enjoyed every day (month) since then. The big bond fund I bought into when I began my ER that November took a huge tumble throughout 2008, so I was able to buy about 25% more shares of it than I had planned. Those shares have provided me with an extra ~$250-$350 in dividends per month, EVERY month, for the last 13 years and will continue to provide me with that most welcome added income going forward.

The money I used to buy those shares came from the company stock I cashed out when I left. At the time, the price per share was evaluated only once every 3 months, and that 9/30/2008 evaluation reflected only a small drop (less than 2%) from its all-time high 6/30/2008 evaluation. So, I was not really "selling low" to "buy extra low." I was still "selling really high" to "buy really low."
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Old 07-08-2021, 04:00 PM   #122
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Yeah, I find it kind of baffling. I retired two years ago, and my portfolio has grown considerably since then, despite my withdrawals. I never made six figures in my career, but I'm making a lot more than that in retirement -- by doing nothing.

I know a lot of the growth is because the government keeps goosing the economy like a dirty old man who's had too much Viagra, though. That part I'm not happy about. I wish the growth was grounded in economic fundamentals, not based on massive increases in federal debt.
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Old 07-08-2021, 08:57 PM   #123
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Originally Posted by ER Eddie View Post
Yeah, I find it kind of baffling. I retired two years ago, and my portfolio has grown considerably since then, despite my withdrawals. I never made six figures in my career, but I'm making a lot more than that in retirement -- by doing nothing.

I know a lot of the growth is because the government keeps goosing the economy like a dirty old man who's had too much Viagra, though. That part I'm not happy about. I wish the growth was grounded in economic fundamentals, not based on massive increases in federal debt.
Yeah, I've been wondering what "medical assistance" we're supposed to contact once we reach the economic version of the 4 hour erection. I suspect it won't be a pretty picture.
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Old 07-08-2021, 10:14 PM   #124
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What I will say is all you can do is to enjoy it while it lasts.

I am speaking about the frothy market of course, as I have not had the so called blue pill to know about its effect.
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Old 07-09-2021, 10:52 AM   #125
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Every quarter when I look at the statements. And in March/April when we do our taxes.
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Old 07-09-2021, 10:55 AM   #126
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The short answer is: set and forget about ten years ago.
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Old 07-09-2021, 03:38 PM   #127
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It's actually the power of compounding coming to fruition, coupled with a Buy/Hold/Rebalance investment philosophy. It's delightful and comforting, but not that surprising if you followed the plan.
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Old 07-10-2021, 05:06 AM   #128
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Anyone wake up and say "How did I accumulate so much?"

Yes we do - most everyday.

ms gamboolgal and I just retired 1-Feb-21 - So we are just starting the retired journey. So we're still abit nervous and look at the Portfolio regularly.

But as many others have said, Yes we do look at our Portfolio and we talk and laugh and shake our heads when we compare starting our marriage 40 year ago to now.

We were of the "Poor Man Has Poor Ways" and "Living on Love & Buying On Time" type of couple as I worked the Oilfields for 43 years...

Now in our early 60's - we are thankful and know we have been blessed. We do have regrets as most folks can't live and love a lifetime together without some hard and sad times..... Shoulda, Woulda, Coulda....

I imagine it always be abit difficult for us to really be comfortable as we're the kids of parents and grandparents who lived thru and right after the Depression - and that is just the way we are.
I remember my Grandfather straightening out bent nails on the Farm....

We're thrilled to have made it to this Next Chapter in our lives together....

gamboolman.....

Lifes A Dance And You Learn As You Go....
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Old 07-10-2021, 05:49 AM   #129
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We have not ER'd as of yet, but am amazed when I look at the growth of our retirement savings. The combination of intentionality (LBYM), good fortune (was sitting on a large stockpile of cash when the covid drop hit, and was able to buy on the way down), and the miracle of compound interest have resulted in a steep increase in our net worth over the past decade.

I don't have friends that have the same focus on ER. In general, they are focused on the accumulation of things (e.g., cars, boats), rather than FI - so I really appreciate this forum as an outlet.
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Old 07-11-2021, 07:45 AM   #130
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Ballpark 60/40 in 2008 with no intention of going back to 'WORK!' A little sphincter tightening and a lot of worry on even Bogleheads and other forums.

"Stay the course' was a tad chewy but I made it with the appropriate 'chicken heartedness' on expenses.

Heh heh heh - hindsight allows one to brag.
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Old 07-11-2021, 08:55 AM   #131
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Huh? If you sell high you get more dough even if you have more taxes.
I agree. It's so easy to get hung up on tax avoidance. Don't touch that Roth, but rather let it grow tax free. Only withdraw the required minimum from your tIRA. Hoard those taxable account holdings that have a large unrealized gain so that your heirs can get stepped up basis and nobody pays tax on the gains. Don't go over the ACA subsidy cliff or into the next IRMAA tier.

Some of us, including me, need to stop obsessing about all this and enjoy what that money can do for us. In most cases the taxes are only a small cut out of the money we take out of investments. Sure, watch out for the ACA cliff (if it comes back) and IRMAA tiers where a few $ too many can cost you more in taxes. Don't barely exceed those levels, but instead, when going over those barriers, blow through them enough so that again the taxes are only a portion of the money.
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Old 07-11-2021, 10:38 AM   #132
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I agree. It's so easy to get hung up on tax avoidance. Don't touch that Roth, but rather let it grow tax free. Only withdraw the required minimum from your tIRA. Hoard those taxable account holdings that have a large unrealized gain so that your heirs can get stepped up basis and nobody pays tax on the gains. Don't go over the ACA subsidy cliff or into the next IRMAA tier.

Some of us, including me, need to stop obsessing about all this and enjoy what that money can do for us. In most cases the taxes are only a small cut out of the money we take out of investments. Sure, watch out for the ACA cliff (if it comes back) and IRMAA tiers where a few $ too many can cost you more in taxes. Don't barely exceed those levels, but instead, when going over those barriers, blow through them enough so that again the taxes are only a portion of the money.
Me too. That's been my biggest shortcoming re: investing. I almost never "rebalanced" because I was continually plowing large amounts of new savings into investing I could rebalance without selling anything. As a result I am sitting on large capital gains and I delayed Roth conversions for longer than I should have. I've gotten better in my old age and ignoring taxes isn't the answer, but I still have to force myself to not let the tax tail wag the dog...
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