Who wanted to retire anyway

[DVCjj]

Just remember, if you have not cashed out while at a down, you have lost nothing. You are just down. If you cash out while down, then you have lost.


(Not to be taken as financial advice)

I cashed out in 08-09 and deeply regret it to this day. I am not repeating what I did. I refuse to even visit the Schwab website.

 

[mjkacmom]

According to DH, we were down $200,000 a couple of days ago. I made him put the 529’s in a cash account last week (need them starting next year for the last kids in college). Still almost 15 years from retirement.

 

[BuckeyeBama]

According to DH, we were down $200,000 a couple of days ago. I made him put the 529’s in a cash account last week (need them starting next year for the last kids in college). Still almost 15 years from retirement.

Yeah, in about the same boat. It is what it is.

 

[tzolkin]

Well, those who aren’t liquid right now can’t take advantage. Someone who recently started nay have spent all their available cash right now.

The poster I was addressing is currently contributing, so she is taking advantage. She's upset that she's contributing and the amount is going down rather than up. I was just offering a positive spin on how she should think about it. Rather than being upset that she's losing money, she could instead think of it as that she is buying on sale and will eventually regain the money that was put in.

You have to have the funds to buy, even in a down market.

Yes I contribute to a 457 through my employer and am not going to stop doing even though it is very tempting to move it to the general guaranteed fund.

I'm still even more confused by your comments. If you are currently contributing then you are currently buying "on sale". How is that "not an option" for you if that is exactly what you're already doing?

 

[disneychrista]

I'm still even more confused by your comments. If you are currently contributing then you are currently buying "on sale". How is that "not an option" for you if that is exactly what you're already doing?

Maybe I misread or misunderstood what you said. I took what you said as to put MORE money in since it’s “on sale.” That is what is NOT an option.

 

[tzolkin]

Maybe I misread or misunderstood what you said. I took what you said as to put MORE money in since it’s “on sale.” That is what is NOT an option.

Now I understand your comments. No, I wasn't suggesting for you to invest more. I was just trying to put a positive spin on the current state since you mentioned you were stressed out that you were investing and your amount was going down instead of growing.

 

[chicagodisneyfan]

According to DH, we were down $200,000 a couple of days ago. I made him put the 529’s in a cash account last week (need them starting next year for the last kids in college). Still almost 15 years from retirement.

We are down about that much as well - I have stopped checking. I wasn't sick from Coronavirus - but sick from watching my balances plummet.
DH is 46 so lots of time to recover.

 

[mnrose]

We're fine. Down but not awful. And, besides, I'd moved 1/2 my portfolio to the "side" a couple years ago. I thought this market was irrational back then (irrationally high....for no reason). And, could see this massive drop coming at some point. That 1/2 is solid as a rock and hasn't lost a penny. The other 1/2 is down maybe 6% overall....which is not great, but considering the Dow is down 20%, I'm good. And, I'm STILL 10 years from needing a penny from it. Plenty of time to recover.