scrabbler1
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Nov 20, 2009
- Messages
- 6,703
I ERed 10/31/2008, as the markets were crashing but hadn't hit bottom yet.
For me, the markets crashing ended up being a huge benefit for me because it created a huge buying opportunity to buy an extra ~25% shares of my chosen bond fund. Those extra shares provided me a proportional boost in the monthly dividends that bond fund generated and continue to do so today. I used the proceeds of the company stock I had cashed out when I left the company. At the time, that stock's NAV was determined once every 3 months, so it had not been evaluated since the end of September, and it had dropped only about 1% since its June evaluation. (The stock price had risen by 3000% since its inception in 1997.)
I did become a little nervous when the stock fund I already owned kept dropping for the next few months and well into 2009 before it finally began climbing again. I had no plans to sell any of it and did manage to do a little bit of rebalancing at the end of 2009.
For me, the markets crashing ended up being a huge benefit for me because it created a huge buying opportunity to buy an extra ~25% shares of my chosen bond fund. Those extra shares provided me a proportional boost in the monthly dividends that bond fund generated and continue to do so today. I used the proceeds of the company stock I had cashed out when I left the company. At the time, that stock's NAV was determined once every 3 months, so it had not been evaluated since the end of September, and it had dropped only about 1% since its June evaluation. (The stock price had risen by 3000% since its inception in 1997.)
I did become a little nervous when the stock fund I already owned kept dropping for the next few months and well into 2009 before it finally began climbing again. I had no plans to sell any of it and did manage to do a little bit of rebalancing at the end of 2009.