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except if you just retired and spending down , last year we burned principal right out of the gate and this year was on track to just be under to breaking even what we spent again so this sudden burst was definitely welcome and needed .
burning principal before an up cycle when you first retire is not good .
Too bad you opted for a "glide path" with a low allocation in equities.
Sure it does. A 20 percent after a 50 percent run up is a lot better than a 20 percent correction after a 30 percent run up. Since many of us are retired and some have pensions market movement is important. As payouts are happening.
Enjoy it while it lasts. Don't expect it to go on forever. We are driving through a fog right now.
It is a very long fog that has taken us from 6,500 to perhaps ...... this week
Makes having stayed the course from the market bottom all the sweeter. Of course there will be a recession and another real at least 20 percent correction. But the swings up prior to are sweet and appreciated. But then I appreciate much about life. If you aren't thankful ok I am sure at this time of the season you have other things to be thankful for.
I am thankful I bought a new snow shovel last month as we are getting hammered with snow right now. It's really coming down and the wife can barely keep the driveway clear even with a new shovel
I'm grateful about our 403B and our frugal lifestyle but mostly I'm grateful for my health. I'm 58 and self-employed and had cancer 30 years ago. After being denied health insurance many times over the years, I'm grateful I now have health insurance at least for another year. And I'm grateful for everyone on this forum where I'm learning so much as we plan our retirement!
I'm grateful my Dad saved money for Mom to live in a lovely CCCR. We flew in to see Mom and the place near my sister's this weekend. The staff is wonderful taking care of Mom and it is decorated for Christmas everywhere. My sister made dinner for all six of us and we were allowed to use a lounge area with an oven/stove. An aide had a key to turn the stove on and off. They have assessed Mom and she needs to be moved into a higher care area and I got to see her room there on a different floor. Mom said it's a nice place. I'm sad and happy at the same time.
And I'm really trying my best to be happy this weekend with snow and cold weather, I haven't been in it for five years. But seriously, 24 degrees with a wind chill of 9? I'm good for another five years.
I'm grateful for DH's continuing employment, his 401k doing well with Vanguard and that he still loves his work. He travels and is gone 60%, which is the downside, but the upside from all the travel is the benefits: frequent flyer mileage, Hilton Honors points, and National Car Emerald Isle program. The three day car rental cost $6 for tax, the Hampton Inn room for three days is free, and plane tickets from FL to IN on Delta were $13 each in taxes/fees. This would have cost >$1000 easily.
I'm thankful for the market and much more this month on many levels.
Sure it does. A 20 percent after a 50 percent run up is a lot better than a 20 percent correction after a 30 percent run up. Since many of us are retired and some have pensions market movement is important. As payouts are happening.
YES! It's been great! I'm keeping an eye on the PE ratios of equities though. There's been a lot of money sitting in money markets for several years now, and as it comes back into the market PE ratios could become too high again and cause another big sell off. I haven't bought bonds for several years, with interest rates so low. I did take some profits in United Healthcare this week, as it was up 60% for me and I wanted to put more into industrials. I'll stay clear of healthcare until we know what the new administration does.
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