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10-10-2008, 11:17 AM
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#1
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Recycles dryer sheets
Join Date: Aug 2003
Posts: 481
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what a ride
Ten or fifteen years ago I thought it would be very cool to have a year where my investment gains were larger than my earned income. This happened in 2006, and it was cool. However, I just tallied up all my losses for this year, and, despite moving quite a bit of money to cash and making some bearish bets, I have still managed to lose considerably more in investments than my earned income this year.
Yeeee haw!
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10-13-2008, 08:40 PM
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#2
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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 Quote:
Originally Posted by bongo2
Ten or fifteen years ago I thought it would be very cool to have a year where my investment gains were larger than my earned income. This happened in 2006, and it was cool. However, I just tallied up all my losses for this year, and, despite moving quite a bit of money to cash and making some bearish bets, I have still managed to lose considerably more in investments than my earned income this year.
Yeeee haw!
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Welcome to investing ! As they say " If you can't stand the heat stay out of the kitchen ".
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10-14-2008, 07:10 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: Oct 2006
Posts: 7,725
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Quote:
Originally Posted by bongo2
Ten or fifteen years ago I thought it would be very cool to have a year where my investment gains were larger than my earned income. This happened in 2006, and it was cool. However, I just tallied up all my losses for this year, and, despite moving quite a bit of money to cash and making some bearish bets, I have still managed to lose considerably more in investments than my earned income this year.
Yeeee haw!
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I've gotten use to daily moves up and down that exceed my annual salary when I was working.
Who needs bungee jump, killer roller coasters or sky diving, the stock market is for real adrenaline junkies.
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10-15-2008, 12:26 PM
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#4
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Recycles dryer sheets
Join Date: Dec 2007
Posts: 482
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Quote:
Originally Posted by clifp
I've gotten use to daily moves up and down that exceed my annual salary when I was working.
Who needs bungee jump, killer roller coasters or sky diving, the stock market is for real adrenaline junkies.
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In 2007 we made more off our investments than from our combined income. Now I am almost in the same boat as you, I see my daily ups and downs of around 1/2 our combined income. I have told this story several times, but I remember the first time I lost $1,000 in one day in the market (probably back in '91 or '92). Now I can lose that much in seconds. Fluctuations of $10,000 are very common. I wonder if I will ever get to the point where fluctuations of $100,000 are very common? Who knows.
__________________
Retire date Jan. 10, 2018
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10-15-2008, 12:34 PM
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#5
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,217
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Quote:
Originally Posted by ikubak
I wonder if I will ever get to the point where fluctuations of $100,000 are very common? Who knows.
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Maybe next year, if the huge increase in government spending (due to the bail-out plan) results in runaway inflation. But then I am no economist so I don't necessarily expect my inflation fears to be realized.
I hate seeing my nestegg fluctuating up and down so much, too. Even with a 45:55 equities:fixed asset allocation, I saw a year's expenses per day disappearing last week.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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10-15-2008, 12:39 PM
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#6
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Not to brag, but counting from the top in Oct 2007, I am down $500K. Still, in terms of percentage, it is still quite a bit lower than the percentage Nords reported last weekend when he came back from a trip. 
Up $57K on Monday. Slowly losing it back.
Oh, by the way, I am 62% in cash right now too! That's the really scary part. I thought I was being conservative.
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