When the market recovers, will you change allocations? (benefits, taxes, investments)
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Presently I'm so shell-shocked at these ghastly events, that I indulge in pornographic fascination of a Hieronymus Bosch painting of tormented souls dragging each other into hell... a world bleeding, burning, wretched in ineffable misery. I've not slept properly for a month, and dread to get a blood-pressure reading. Our local gym, which I've taken to frequenting with religious fervor, has as of today closed down... so there goes the relief of weights and treadmills.
Each day summons dread and misery anew, another leg down, another increment in free-fall, a ceaseless cavalcade of loss, of loss and loss and further erasing of what's so dear and precious and gingerly accumulated.
"When the market recovers", a different and more vigorous quiver of emotions will present itself, and what's to be decided then, can not be reckoned in the present shock. I close my eyes, and wish for the world, as Bishop Berkeley taught us, to cease and vanish. But it won't. It perseveres, wounded, fetid, gangrenous, staggering, but going nonetheless. I would that it would stumble and collapse! But no such luck.
I'm three years from retirement and while this is bloody, I'm not making any changes. The money I need for the first few years of retirement is safe, the money I need 10 or 20 years down the road will eventually recover. I panicked in 1987 (I was young), but I learned in the dot-com crash and the Great Recession to relax and go out to dinner and a movie. Well, can't do those two things right now, but eventually.
Presently I'm so shell-shocked at these ghastly events, that I indulge in pornographic fascination of a Hieronymus Bosch painting of tormented souls dragging each other into hell... a world bleeding, burning, wretched in ineffable misery. I've not slept properly for a month, and dread to get a blood-pressure reading. Our local gym, which I've taken to frequenting with religious fervor, has as of today closed down... so there goes the relief of weights and treadmills.
Each day summons dread and misery anew, another leg down, another increment in free-fall, a ceaseless cavalcade of loss, of loss and loss and further erasing of what's so dear and precious and gingerly accumulated.
"When the market recovers", a different and more vigorous quiver of emotions will present itself, and what's to be decided then, can not be reckoned in the present shock. I close my eyes, and wish for the world, as Bishop Berkeley taught us, to cease and vanish. But it won't. It perseveres, wounded, fetid, gangrenous, staggering, but going nonetheless. I would that it would stumble and collapse! But no such luck.
Wow. I hope this is just an example of your writing skills and not an accurate depiction of your life.
Stocks are stocks dividends or not ...they are NEVER A REPLACEMENT FOR THE FIXED INCOME SIDE OF A PORTFOLIO...
Dividend stocks have been pounded just as bad ....100% of the Dow stocks and 80% of the s&p 500 pay dividends and are down just as badly.
Just look at utility darling Ppl ...it got smashed
Hi Mathjak107,
I've followed your posts for a long time and deeply respect your market knowledge. In a normal scenario, I understand the roll of bonds as a portfolio cushion. I have bond funds in my portfolio. My post concerns what to buy now to balance equities I am currently buying. It seems to me that bonds will drop horribly from here on, until the market stabilizes. As interest rates begin to rise, as they must at some point in the eventual recovery, bond prices will drop, yet the newly-purchased bond coupon will be fixed at current low levels.
I understand that dividend paying stocks have been hit as hard as other stocks. I would stay away from energy stocks. I don't have experience with gold and other commodities.
Hi Mathjak107,
I've followed your posts for a long time and deeply respect your market knowledge. In a normal scenario, I understand the roll of bonds as a portfolio cushion. I have bond funds in my portfolio. My post concerns what to buy now to balance equities I am currently buying. It seems to me that bonds will drop horribly from here on, until the market stabilizes. As interest rates begin to rise, as they must at some point in the eventual recovery, bond prices will drop, yet the newly-purchased bond coupon will be fixed at current low levels.
I understand that dividend paying stocks have been hit as hard as other stocks. I would stay away from energy stocks. I don't have experience with gold and other commodities.
We all are wondering the same things ...if anything I would stay away from corporate bond funds , total bond funds and high yield ....if I did want bonds in case rates go negative it would only be treasuries
Presently I'm so shell-shocked at these ghastly events, that I indulge in pornographic fascination of a Hieronymus Bosch painting of tormented souls dragging each other into hell... a world bleeding, burning, wretched in ineffable misery. I've not slept properly for a month, and dread to get a blood-pressure reading. Our local gym, which I've taken to frequenting with religious fervor, has as of today closed down... so there goes the relief of weights and treadmills.
Each day summons dread and misery anew, another leg down, another increment in free-fall, a ceaseless cavalcade of loss, of loss and loss and further erasing of what's so dear and precious and gingerly accumulated.
"When the market recovers", a different and more vigorous quiver of emotions will present itself, and what's to be decided then, can not be reckoned in the present shock. I close my eyes, and wish for the world, as Bishop Berkeley taught us, to cease and vanish. But it won't. It perseveres, wounded, fetid, gangrenous, staggering, but going nonetheless. I would that it would stumble and collapse! But no such luck.
If you can't throw your money on the ground and walk away, don't gamble.
Presently I'm so shell-shocked at these ghastly events, that I indulge in pornographic fascination of a Hieronymus Bosch painting of tormented souls dragging each other into hell... a world bleeding, burning, wretched in ineffable misery. I've not slept properly for a month, and dread to get a blood-pressure reading. Our local gym, which I've taken to frequenting with religious fervor, has as of today closed down... so there goes the relief of weights and treadmills.
Each day summons dread and misery anew, another leg down, another increment in free-fall, a ceaseless cavalcade of loss, of loss and loss and further erasing of what's so dear and precious and gingerly accumulated.
"When the market recovers", a different and more vigorous quiver of emotions will present itself, and what's to be decided then, can not be reckoned in the present shock. I close my eyes, and wish for the world, as Bishop Berkeley taught us, to cease and vanish. But it won't. It perseveres, wounded, fetid, gangrenous, staggering, but going nonetheless. I would that it would stumble and collapse! But no such luck.
So apt. I nominate you for a pulitzer price just for this post alone.
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