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Just a running list--no numbers--
Just a Yes or No...
Personally we didn't...
If we had equities in our taxable account we likely would have sold some and taken the write off
But only equities--ETFs and Index funds--are in husband's 401K...
Sitting tight. The puts from my strangle from the beginning of the year (http://www.city-data.com/forum/inves...l#post50981905) are now in the money, so a further market drop over the next 4 weeks won't have any effect on portfolio value.
Given the market has already dropped this much and my downside is maxed out, I'd be happy with a further 50% drop over the next month. It will set us up for several years of good gains.
My portfolio was at a level below which, at age 76 (soon to be 77), I didn't want to see it go (no pucker factor), so I sold today, increasing cash position to 70% from 25% (which was too low) keeping, for now, only one holding in my Roth that I know will recover in the next two-three years. Yes, I'm planning for no good things in the market until this administration is gone.
My plan had always been to buy an annuity in the next year or two with 30% of the portfolio's current value - not a reduced 30%. Lack of confidence in a normal "recovery" is what precipitated this. I do not have the pucker factor for a 40% correction. I could withstand it financially, but not mentally.
So, I may be guilty of some bad investor behavior (mea culpa Mathjak) - but I was probably 25% overweight equities to begin with.
As they say, you make decisions and then you make them come out right. Redeploying 30% into an annuity will remove a lot of earnings pressure from the portfolio. I'll probably be buying an SPIA next year - and if market continues this craziness start buying some gold, treasuries and inverse (or not) ETFs depending on conditions.
We know people make money in bad markets. It's about time, if I have to experience one, I do too. So, we'll see.
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