TromboneAl
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jun 30, 2006
- Messages
- 12,880
I find that I can no longer stand watching television shows that are all about violence and misery and gloom.
You mean CNBC, right?
I find that I can no longer stand watching television shows that are all about violence and misery and gloom.
Not a criticism, but more as a question for you and anyone else who wishes to respond::
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We'd casually thought about a second home "up nort" or upscaling from our current very modest home to something larger in a swankier neighborhood. 2+ years into retirement, the numbers were looking good and making one of those moves would have only increased personal real estate from about 10% to about 20% of our total net worth.
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So, how has this bear market affected you personally and your investment plans?
Not a criticism, but more as a question for you and anyone else who wishes to respond:
I've never thought of our total net worth, or our house, as significant in calculating retirement. Some day we will probably move to a smaller place (condo?) and be able to clear maybe $150k on that deal, so I include that in FIRECALC. Beyond that; I only look at my pension, IRA's, and SS. All the other "stuff" in our net worth is either depreciating (cars, toys, etc) or will be needed until we die or go into a nursing home.
W2R, Wellesley is already loaded with corporate bonds (up to 60% of the fund), so I don't know if you would want to add more to your portfolio.
So, how has this bear market affected you personally and your investment plans?
Thanks, but I am not considering adding any? Today I have exactly the percentage (well, within less than half a percent) of Wellesley called for by my investment plan. Despite the big dividends it doesn't seem to be doing any worse than the rest of my portfolio up to now. While everything else has been plummeting, Wellesley is what has given me peace of mind as it slowly drifts downward at a more gentle and tolerable pace.
Do you expect it to experience some sort of delayed effect for some reason that I don't know about? The reason I am asking is that I am not the only one on the board with a substantial chunk in Wellesley, and OldBabe warned me about the exact same thing just a few hours ago.
If Wellesley is in trouble, then I think another thread should be started to warn all the others here who are in the same boat. (?) I do own it with a long time horizon in mind. It is mainly for dividends, and actually has paid out more this year than last, I believe. So, I am not sure what you and OldBabe are expecting to happen that hasn't already happened but would like to know.
Now, with our greater losses and lower salary, we are down by almost 10 years of salary!
So my question was, do you really want to buy more? I just wanted to make sure you didn't inadvertently overweight them.
No!! I don't. Wellesley is now 30% and will always be 30%. My asset allocation has 55% bonds/cash/fixed, and the bond portion of Wellesley is only about 19% of my portfolio. So, I was talking about the rest of my bonds/cash/fixed.
W2R, I was only pointing out the % of financials in bonds and stock in Wellesley. I have no knowledge of whether these are good ones or not. I'm sorry if I alarmed you.
Actually, it's not clear gold and silver are *truly* down.Gold, silver and commodities down.