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| Green grass and high tides  |
Rey, I would of but I know how much you thought they had your back.   To be honest it was pure luck and timing. Had nothing to do with knowing what I was doing to any great degree. We had been discussing doing some adjusting due to retirement coming soon for a while and seemed like the right time to do it. Still feels like we are loosing more ground than we should be. Silver lining is it would of been significantly worse had it not got done when it did. At least that is what I am telling myself these days.  "Practice like you want to play in the game" | |||
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Ammoholic |
Don't know, don't care. I got 25 or more years of contributing. It will go up, and it will go down. I'm in the right asset allocation for my risk tolerance investing in very low cost funds over long haul. If I looked, it'd only make me sad. Jesse Sic Semper Tyrannis | |||
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Facts are stubborn things |
I am buying low. Not retiring for 15 years... Do, Or do not. There is no try. | |||
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Member |
We’re retired now and have seen a 20% drop in our IRAs. We have 5 years worth of withdrawals set aside in cash so we’re fine for the near future. It still pains us to see the huge daily losses. I'm sorry if I hurt you feelings when I called you stupid - I thought you already knew - Unknown ................................... When you have no future, you live in the past. " Sycamore Row" by John Grisham | |||
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Member |
Toast. Have 10 yrs but damn tired of rollercoaster. Down 10%+ “Forigive your enemy, but remember the bastard’s name.” -Scottish proverb | |||
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Happily Retired |
Two years ago I redid both the wife and my 401k's and made them much more conservative. Stocks are around 10% of the total so it hurts some but not nearly as bad as it could have been. .....never marry a woman who is mean to your waitress. | |||
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| Good enough is neither good, nor enough |
A smart dollar cost average guy would buy in a little bit right now. The old version of you will be thankful. There are 3 kinds of people, those that understand numbers and those that don't. | |||
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| Go ahead punk, make my day |
If you are still rolling the dice with high risk investments near (within 5-7 years) or after retirement, you should be doing so as a hobby, not risking your retirement living. | |||
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Armed and Gregarious |
Are you running a marathon or a sprint? Even if you're retiring next week, you shouldn't need to take out anything other than a small fraction of your funds, while you "ride out" the market downturn. He'll even the recovery from low point of the stock market after the 'Crash of 1929" took less than 5 years. This is nothing remotely close to the plunge from 1929 to 1932. https://www.nytimes.com/2009/0...nd-bonds/26stra.html Those who "ride it out" will be fine. Those who panic will be hurt, and for some they will be hurt very badly. ___________________________________________ "He was never hindered by any dogma, except the Constitution." - Ty Ross speaking of his grandfather General Barry Goldwater "War is the remedy that our enemies have chosen, and I say let us give them all they want." - William Tecumseh Sherman | |||
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| Member |
And Nancy Pelosi hasn't even started to work her socialist magic. The stock market predicts the future and Nancy is at the helm. Again. Just like she was during the 2008 crash. I have long thought that certain stocks, Amazon, Netflix, Tesla and others, were astonishingly overpriced. I sold any ETF funds that held those stocks. It hasn't helped. Even value stocks are falling like a knife. I sold every ETF and most individual stocks on Thursday. If I had not sold out, I would have lost another $2,689 on Friday. Now I have 85% in cash and short term Treasuries. I sleep well. ---------------------------------------------------- Dances with Crabgrass | |||
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Truth Wins |
I've lost over $49,000 in value in a few days. I've got a bunch of many in low yield stuff so when the market is as low as I think ti will go, I'm going to move it into stocks and also increase my contributions. Times like this aren't the best time to retiring on your 401, but they are good for being able to buy huge qualities of stock shares for cheap. _____________ "I enter a swamp as a sacred place—a sanctum sanctorum. There is the strength—the marrow of Nature." - Henry David Thoreau | |||
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Member |
A co-worker of mine told me yesterday he is DOWN $700K in his investment portfolio. He's worth a few million. His wife keeps $250K in a savings account and has for 15 years. LOL! ---------- “Nobody can ever take your integrity away from you. Only you can give up your integrity.” H. Norman Schwarzkopf | |||
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| Member |
yep plowed some cash in yesterday ---------------------- Proverbs 27:17 - As iron sharpens iron, so one man sharpens another. | |||
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Mensch |
Gains for last quarter lost but I have at least 15 years left. It'll bounce back, I'm not panicking. ------------------------------------------------------------------------ "Yidn, shreibt un fershreibt" "The Nazis entered this war under the rather childish delusion that they were going to bomb everyone else, and nobody was going to bomb them. At Rotterdam, London, Warsaw and half a hundred other places, they put their rather naive theory into operation. They sowed the wind, and now they are going to reap the whirlwind." -Bomber Harris | |||
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Drill Here, Drill Now |
I’m 10+ years from retirement but my 401k lost the equivalent of a Corvette Grand Sport convertible in ‘18. Ego is the anesthesia that deadens the pain of stupidity DISCLAIMER: These are the author's own personal views and do not represent the views of the author's employer. | |||
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| Member |
The stock market in the short term is a voting machine and in the long run an adding machine. We'll be fine. "The days are stacked against what we think we are." Jim Harrison | |||
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member |
Roll it into an IRA every chance you get. My last employer changed ownership 3 times during the last 5 years I worked. At each change, I could roll the old one into the new company's plan, or roll it out to an IRA, which I did every time. There are other opportunities, too, like when you reach a certain age (I forget what age, but it's in the 50's somewhere, or maybe 49, I just forget when). When in doubt, mumble | |||
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| Member |
This. I'm actually fairly close to pulling the trigger on retirement. But as I said earlier I'm looking to add to my stock position. Should have enough in the secure portion of your portfolio to safely fund the next 10-15 years. Stuff with a longer time horizon needs to be in the market. You need it in there to maintain overall growth to keep up with inflation. It's called a balanced portfolio. | |||
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| Lawyers, Guns and Money  |
You mean my 201⁄2k? "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown "The United States government is the largest criminal enterprise on earth." -rduckwor | |||
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Member |
We got pretty conservative about 6 years ago, I don't track my investments but it couldn't hurt too bad. My work related 401K is an exception, it was doing great, probably pulled back a bit. Heck my SSI went up $73.00, I'm in for the long haul! ________________________________ "Nature scares me" a quote by my friend Bob after a rough day at sea. | |||
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