nun
Thinks s/he gets paid by the post
- Joined
- Feb 17, 2006
- Messages
- 4,872
So we're in market melt down. This is when LBYM is the only anchor we have to hold onto. Being frugal is a great way to save a few dollars and makes me feel less freaked about my shrinking mutual funds.
When the DOW went below 12500 I reallocated from 80/20 to 60/40 and sat on it in the 11000s. I don't really like to attempt market timing so I'm done nothing since, as I have 15 years until retirement. Still those statements don't make good reading, but it's nice to save a bit of money by driving 55 mph and I'll have the heating set at 60F this winter. Also my mortgage statement makes good reading as I'm 8 years into a 4.5%, 15 year fixed on a 2 family that generates rental income.
So this episode will be painful, but I'm reasonably diversified, I'm not leveraged or spending more than I earn, my one loan is at a low interest rate and I have a regular rental income......If I can do it why can't Lehman or AIG??
When the DOW went below 12500 I reallocated from 80/20 to 60/40 and sat on it in the 11000s. I don't really like to attempt market timing so I'm done nothing since, as I have 15 years until retirement. Still those statements don't make good reading, but it's nice to save a bit of money by driving 55 mph and I'll have the heating set at 60F this winter. Also my mortgage statement makes good reading as I'm 8 years into a 4.5%, 15 year fixed on a 2 family that generates rental income.
So this episode will be painful, but I'm reasonably diversified, I'm not leveraged or spending more than I earn, my one loan is at a low interest rate and I have a regular rental income......If I can do it why can't Lehman or AIG??