unclemick
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Not wanting to go off topic in the "2021 Investment Performance thread" but lets say we lost half in a down market.
How would you change doing business in your life and financial life? Could you stay the course or have to live differently for the long haul?
My action would be to stay the course and I always took that in to consideration if that scenario happened. The reason I believe I could is I have at this time 34X my expenses in cd's etc.. I'm not saying it is bullet proof but it was plan of attack so time will tell if it ever does get that bad.
Tend to stay the course. 2005 donated the house and all it's content's to Lake Pontchartrain due to Katrina - no insurance as it was over water. Moved inland. 2006 switched my 60/40 portfolio to Target Retirement (ballpark 60/40) to let Vanguard computers do rebalancing and asset mix changes as time marched on. Then along came 2008 -9 fun filled dip.
Grin. Caused some pucker but I let the computers do their thing.
Heh heh heh - 2021 Old phart with 27 years of ER. Now more like 40/60. Hopefully learned to stay the course. Big dips do get one's attention though.