BunsGettingFirm
Thinks s/he gets paid by the post
- Joined
- Jan 27, 2004
- Messages
- 1,502
You guys have nothing to worry about. Before it gets anywhere close to zero, the smart money will be back in.
You guys have nothing to worry about. Before it gets anywhere close to zero, the smart money will be back in.
Pretty much describes me too. I am still buying although I have let our AA swing from 25 to 35%+ bonds without rebalancing. I am in it for the long term, but I am still working so I can keep working if need be. If I was retired now without pensions and/or healthcare - I don't think I could stomach this. And about 2/3rd of those retired here have pensions (many COLA'd) and some healthcare too. A completely different question for those folks...If you think the market will be substantially higher in 5-7 years and can afford greater portfolio losses in the meantime, you should leave your money where it is, and if possible, prepare to increase your equity exposure as prices fall. That's my plan. As equity prices decline I'm buying.
Michael
Hmmm, so what does that makes us?
A line on a chart is just about the only thing in common with the ’29 depression.But what if this really is the second great depression ? Are you willing to lose 90%?
Dow Jones decline rate mimics Great Depression | Business Tech - CNET News
Enough is enough when you can’t afford to lose any more. Investing in equities is not betting. You are buying ownership. If you believe the companies in which you invest will survive, persevere and grow, you will have a positive return on your investment.I'm pretty close to capitulation . This reminds me of being in a casino and thinking you'll get some of your losses back but you rarely do . So for me it's almost time to get out until sanity returns. I know some people have said they'll ride it down to zero but at what point do you say enough is enough .
Yeah, what he said!To answer Moemg question, I'm prepared to go to zero. I can't see riding it from 14k to where it is now and bailing.
Welcome Scott. Good job to only lose 20%!
Are you missionaries? Tell us a little about your environment?
Ha
Hi Ha,
Thanks for asking. Thanks for the welcome, but I was a frequent contributor leading up to my departure from the US last October. Don't know why my number of posts got reset to zero.
Yes, my wife and I are missionaries. We live in the town of Tarma, at 10,016 feet above sea level, almost due west of Lima.
I am still 100% equities, and plan to stay that way. Dividends - which provide all of my retirement income - are up and seem safe unless the economy gets much worse. Earnings are up - not for every stock I own, but the composite is. Overall, I am not too worried at this point. If a couple of dividends are cut, I can cut spending to match, but at this point I do not expect to.
And, if all else fails we can open a commune and plant a big garden again!
Leave it to HFWR to come up with some good music.
Been awhile since I heard some Jeff Beck.
Thanks!
Free to Canoe