Meadbh
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 22, 2006
- Messages
- 11,401
I retired Jan 2007 and I'm still a little down from my all time high but the good news is my weight is hitting a fifteen year low !
I retired Jan 2007 and I'm still a little down from my all time high but the good news is my weight is hitting a fifteen year low !
I have read that it is better to retire into a thriving, growing market than into a declining market or crash. So in that sense, I think my portfolio is in better shape than I thought. On the other hand, I know that the market goes down and up. That attribute of the market is what kept me from selling in 2008-2009, and it also means that I will just hang on and watch (gleefully, this time) in 2010. Of course it will eventually go down, but meanwhile I am getting a lot of fun out of watching these high numbers, just as I get a lot of fun out of watching a pretty sunset
I’m thinking it’s better to retire right after a crash, when equity values are at a low point and have greater upside than down. Me – I retired a couple of months before the ’00 crash, but then again, my timing has always been like that. It’s amazing how we adapt and persevere.
It's interesting. I retired in 2006, which was near the end of a big jump up. But I feel like I retired into a big crash (for obvious reasons), even though I personally didn't lose much during it. I wonder what the theory is for retiring into a good market that immediately crashes followed by a huge run-up? I mean, what defines what you've retired into? The actions of the immediate future after FIRE? Or do you have to wait 10 years or so and look back to get a decent perspective on what things were like?
I wonder what the theory is for retiring into a good market that immediately crashes followed by a huge run-up?
Was it ESRBOB who introduced the 95% rule? You can run it in firecalc and it should help get you through the down times.
Was it ESRBOB who introduced the 95% rule? You can run it in firecalc and it should help get you through the down times.
It's interesting. I retired in 2006, which was near the end of a big jump up. But I feel like I retired into a big crash (for obvious reasons), even though I personally didn't lose much during it. I wonder what the theory is for retiring into a good market that immediately crashes followed by a huge run-up? I mean, what defines what you've retired into? The actions of the immediate future after FIRE? Or do you have to wait 10 years or so and look back to get a decent perspective on what things were like?
How do people know what their all time high was - and how often do folks update their portfolio value? I only know my past YE numbers.
1) Actually, I took that apple off the TV and ate it, thank you very much.You're going to throw out the apple?
Now that you mentioned March 09, I looked back to see that my lowest was on March 09, 2009 (I kept a diary). It coincided with the day the market hit bottom. On that day, the Dow dropped to 6547, the Nasdaq to 1269, and the SP500 to 677.I did a quick estimate today. Assets are up $800K since March 2009. NW is up $650K (liabilities have increased as I have taken on some low interest debt).
How do people know what their all time high was - and how often do folks update their portfolio value? I only know my past YE numbers.
One of my Firecalc "assumptions" is that I'm gonna live a long, long time (perhaps to 95 or more, if I am very, very fortunate). But the odds are that I won't reach that age. And thus I won't need my nest egg to last for that "long, long time." Plus, I love the idea of living more in my early years of ER (spending more $ to enjoy life more--such as eating out more often for meals that are already-made, tastier, and more varied than I can spend the time in my kitchen making, entertainment, travel, and what-have-you) than during my later years--when I may not have the health, physical mobility, or soundness of mind I now have.Does Firecalc say you are good with all cash? If so, do what you gotta do.
Yep, all that jubilation finally has its effect. A delayed effect, yes, but it has finally come.