So, I said I would hunker down, take profits off the table and go ultra conservative but it just really wasn’t my style of investing. Like many here, I subscribe to buy, hold, hold, maybe sell but more profits holding over time.
Projected targets over 5yr increments have mostly surpassed amount set but definitely over a ten year period. Now that I’ve actually retired (Circa April 18’)
I’m thinking about future ladder CD’s perhaps Vanguard and money market ultra conservative returns with a small consideration for inflation. Unique in DW and I household are two state pensions (CA) mine has an annual cola.
DW is currently still full-time maxing a 457b deferred and will catch-up her final 3yrs say 2021-2024.
Anybody else ever grow tired of the ‘bubble’ burst of the markets and think what’s wrong with just having 1mil instead of 2 or 3? Or $500k as a supplement to defined pension?
We are over the million category but it’s taking another hit, thus the post.
Debt is low - asset only 3 properties
DTI is only 22% we really live below are means but enjoy luxury (spend) travel.
I like the burn the dough threads but how about using a 20yr spread? Think this market will take us for a doozy!
We still have relative high income $200k yr but in San Francisco Bay CA.
Gas is over $4 again...lol. Go electric?
I really like ER Welcome your posts contrast/similar/unique
i decided i needed to harness the magic of compounding to grow my asset base
i expected the next BIG downturn in 2013 ( imagine if i had of sat on the sidelines for 6 years and missed those bargains in that time )
i still believe a BIG downturn is coming and i expect to have a major decrease in portfolio value at that time ( but at least i won't have to plead with the bank to let me access those idle savings and CDs , so i can grab some good prices )
since i have little in the way of a cash buffer my debt is very low ( basically current bills waiting to be paid )
what i have almost completely abandoned in the last 3 tears are interest-bearing securities and bonds ( imo) the risk v. reward balance is badly skewed against me .
living costs ( including health costs ) investment returns , and inflation will be VERY hard to predict in this 'uncharted territory '
i have taken SOME profits out of big winners and reinvested into other companies i think can grow sensibly ( so i hold about 200 stocks , funds and trusts , and ETFs )
am looking to avoid a 100% loss of investment capital hopefully having enough survivors to rebuild from , but M&A and company failures WILL hurt the portfolio in difficult times , of that i have no doubt ( plenty of disruption has happened to me already )
i also have some property but those will not be for sale unless truly desperate times
i would prefer to say i am 'buy and hold ' , but sometimes it is just sensible to take a little profit , or add some in a dip , or exit completely if the company moves in a strange direction , 'hold but watch closely ' might be a better description of my style