steelyman
Moderator Emeritus
There've been more than a few mentions of the upcoming 2-year anniversary of the March '09 market bottom, which is tomorrow.
What are your memories of what was going on with (and in) you at that time? Did it cause any major changes in your attitude towards investing and planning for ER?
In my case, I very much recall being in Boulder, CO (work trip) and having suffered somewhere around a 35% drop in investment value. Thought my ER was set back 5-10 years, and that was no fun. The drop between Sept '08 and Mar '09 was so rapid I was caught flatfooted.
As a result, I didn't change my allocation/investment plans at all. I have, however, been very amazed at the rapidity of the subsequent recovery. I guess I have made one change, and that is to make sure to squirrel away several years of cash/equivalents that will hopefully allow me to ride it out a bit better should another financial earthquake come rolling our way...
What are your memories of what was going on with (and in) you at that time? Did it cause any major changes in your attitude towards investing and planning for ER?
In my case, I very much recall being in Boulder, CO (work trip) and having suffered somewhere around a 35% drop in investment value. Thought my ER was set back 5-10 years, and that was no fun. The drop between Sept '08 and Mar '09 was so rapid I was caught flatfooted.
As a result, I didn't change my allocation/investment plans at all. I have, however, been very amazed at the rapidity of the subsequent recovery. I guess I have made one change, and that is to make sure to squirrel away several years of cash/equivalents that will hopefully allow me to ride it out a bit better should another financial earthquake come rolling our way...