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Old 01-14-2008, 07:45 AM
 
419 posts, read 1,846,994 times
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If I were retired, I would have only one third of my money in the stock market. It is to risky for the short term. While it is impossible to determine what stocks are going to do in any given year, many people think 2008-2009 will be recession years with significant economic troubles. Now if you were 30 years old and would not be retiring for 40 years, then the stock market would be a good investment even this year, because you would have a long term perspective. But as a retired person, a good percentage of your assets could be eaten up by a Bear Market.

Anyone remember the Bear Market of 2000-2003? I am still underwater from those terrible days. People lost over 60% of their assets.

If you are retired, pull most of your money out of the stock market and go with fixed income.

Last edited by questioner2; 01-14-2008 at 08:25 AM..
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Old 01-14-2008, 02:58 PM
 
1,831 posts, read 4,797,898 times
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Quote:
Originally Posted by questioner2 View Post
Anyone remember the Bear Market of 2000-2003? I am still underwater from those terrible days. People lost over 60% of their assets.
Exactly ... which is why I pulled out of stocks last summer.

I'm not getting back in until this market looks like it's got some legs ... which will probably take couple of years.

BTW ... has anybody noticed the relentless cheerleading on CNBC? Are those people from outer space or something? I find it very annoying.
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Old 01-14-2008, 04:36 PM
 
Location: home...finally, home .
8,236 posts, read 18,523,823 times
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Unhappy ditto, gls

Yes, I did the same thing and I am sorry that it happened to anyone else. Why dd I listen to my son , anyway ? I knew better, but I think I was greedy and that is what you get. I did not pull out when I should have back then.

Ahhh, but I am wiser now.
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Old 01-14-2008, 04:59 PM
 
29,784 posts, read 34,885,423 times
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Quote:
Originally Posted by nancy thereader View Post
Yes, I did the same thing and I am sorry that it happened to anyone else. Why dd I listen to my son , anyway ? I knew better, but I think I was greedy and that is what you get. I did not pull out when I should have back then.

Ahhh, but I am wiser now.
I like you got burned but then we all recovered many fold. Timing when to get back in is tricky and once burned twice learned does not always apply.
The key thingis what is your time horizon even in retirement. If you need your full pool of money now that is one thing. However that is why I use the three basket approach so I have secure capital for the next 3 years and by then I have SS to fall back on in addtion to my alreday being received pension. Every situation is different and being conservative if you still have a good time horizon even if retired can bite you.
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Old 01-15-2008, 09:41 AM
 
259 posts, read 1,183,224 times
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Nancy, if I may ask, what is the credit rating on those 7.5% bonds of yours? That sounds tremendous for investment grade debt.

For those of you self-directed folks who announced double digit returns above for the year.....I'm very impressed. My professional finally came up with his year end report and he barely bested you all at 17.3%, net of fees.
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Old 01-15-2008, 10:53 AM
 
Location: Forests of Maine
30,687 posts, read 49,476,475 times
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Originally Posted by casualobserver View Post
Nancy, if I may ask, what is the credit rating on those 7.5% bonds of yours? That sounds tremendous for investment grade debt.

For those of you self-directed folks who announced double digit returns above for the year.....I'm very impressed. My professional finally came up with his year end report and he barely bested you all at 17.3%, net of fees.
Well done!

Almost all of our investment is in apartment buildings [MFRs].

It sounds like your investment doing very nicely.

Last edited by Submariner; 01-15-2008 at 11:06 AM..
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Old 01-15-2008, 11:05 AM
 
259 posts, read 1,183,224 times
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Thanks.........yes, I put a few bucks with a professional in order to get access to all the global stuff. Maybe I'll be able to keep up with medical cost inflation.
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Old 01-15-2008, 02:51 PM
 
Location: New Jersey/Florida
5,441 posts, read 10,527,852 times
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Don't look but its dropping again. CDs this year.
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Old 01-15-2008, 03:02 PM
 
Location: Papillion
2,585 posts, read 9,546,514 times
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Drop? I had 11.8% positive return.
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Old 01-15-2008, 03:07 PM
 
259 posts, read 1,183,224 times
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Originally Posted by JERSEY MAN View Post
Don't look but its dropping again. CDs this year.
Yes, Jersey Man, right you are.....2008 thus far is being besieged by pessimism. But who's suggesting anyone buy the 30 Dow stocks anyway.

Neither Asian nor South American stocks are dropping. "Buy stock in India and retire in Costa Rica" is the new formula for a prosperous retirement.
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