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re: I'm down 37% in one of my IRAs since Nov'21
Posted on 5/12/22 at 3:33 pm to kywildcatfanone
Posted on 5/12/22 at 3:33 pm to kywildcatfanone
To each his own, but the party in power has never influenced my overall equity allocation. Depending on policies, it has influenced my sector allocations. But that’s all. I’ve held steady and done relatively well from Reagan til now. And I’m not expecting that either power hungry, self-serving party has my best interests in mind.
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Posted on 5/12/22 at 3:55 pm to slackster
7 percent dividends on a million is 70k. Add another 35k in social security with NO debt and you should be fine. The key is NO debt. Have to retire with NO debt.
Posted on 5/12/22 at 4:20 pm to natsoundup
Well, today is gonna up that 37% 
Posted on 5/12/22 at 6:56 pm to natsoundup
quote:
7 percent dividends on a million is 70k.
Where are you getting a stable 7%?
Posted on 5/12/22 at 8:27 pm to slackster
quote:
Where are you getting a stable 7%?
BTW.... can we say the words "Bear Market" Yet?
Posted on 5/12/22 at 8:33 pm to Jjdoc
quote:
BTW.... can we say the words "Bear Market" Yet?
If we can't say that, we can say a bear is kicking some of us in the balls
Posted on 5/12/22 at 8:57 pm to Jjdoc
What’s so funny? A 7% dividend yield is pretty absurd, no?
As for the bear market, 3,854.89 and you’ll get your wish.
As for the bear market, 3,854.89 and you’ll get your wish.
Posted on 5/13/22 at 4:08 am to rickgrimes
I try to read a lot about the market and also use my work (home building) to get a general idea on what to expect.
Middle last year I just had the feeling that the market was way too hot for the headwinds the real world workers are feeling in trying to get most products out due to supply chain and labor issues.
Between June 2021 and March I have been removing money from the market in 10% increments. I’m currently sitting in about 50% cash in my 401k and looking for the bottom. I still think we have a way to go.
I had the same feeling in 2007 and did nothing because I was too young and inexperienced. Im thankful that I acted this time. Thus I’m down only 10% in the last 5 months and ready to jump back in when things get better.
Middle last year I just had the feeling that the market was way too hot for the headwinds the real world workers are feeling in trying to get most products out due to supply chain and labor issues.
Between June 2021 and March I have been removing money from the market in 10% increments. I’m currently sitting in about 50% cash in my 401k and looking for the bottom. I still think we have a way to go.
I had the same feeling in 2007 and did nothing because I was too young and inexperienced. Im thankful that I acted this time. Thus I’m down only 10% in the last 5 months and ready to jump back in when things get better.
This post was edited on 5/13/22 at 5:14 am
Posted on 5/13/22 at 5:07 am to rickgrimes
quote:
These are my top 20 holdings. If I had to guess, probably Tesla or Nvidia or Apple went on a bit of a bull run in October.
I have a lot of those but have diversified enough where they aren't killing me.
Posted on 5/13/22 at 7:23 am to baobabtiger
quote:
Between June 2021 and March I have been removing money from the market in 10% increments. I’m currently sitting in about 50% cash in my 401k and looking for the bottom. I still think we have a way to go. I had the same feeling in 2007 and did nothing because I was too young and inexperienced. Im thankful that I acted this time. Thus I’m down only 10% in the last 5 months and ready to jump back in when things get better.
Don’t get too greedy on the downside either.
The market is down nearly 20%, and depending on your allocations, it could be much worse. Don’t try to hit the bottom perfectly- start getting back in and reward yourself for getting out at a decent time.
Posted on 5/13/22 at 10:24 am to slackster
quote:
What’s so funny? A 7% dividend yield is pretty absurd, no?
No it isn't. CLM is way above that. Explain to me how purchasing CLM in March and April of 2020 was a bad thing?
They pay a monthly Divi between 16% to 19% They did so even during covid.
quote:
As for the bear market, 3,854.89 and you’ll get your wish.
Oh it's not my wish, but it is what it is.
Posted on 5/13/22 at 10:26 am to slackster
quote:
Don’t get too greedy on the downside either.
The market is down nearly 20%, and depending on your allocations, it could be much worse. Don’t try to hit the bottom perfectly- start getting back in and reward yourself for getting out at a decent time.
This we can agree on. When I sell calls, I am taking profits @ 25% and up. Mine never reach expiration.
I also don't worry about $10 when I have made $100.
Posted on 5/13/22 at 10:28 am to rickgrimes
Posted on 5/13/22 at 10:34 am to FLObserver
quote:
Nov 2021 was about the time the slide began.
Look at the chart of UUP (Dollar) and you will see why. It is the “fly in the ointment.”
Posted on 5/13/22 at 12:29 pm to FlyingTiger1955
quote:
If you have 20 years until retirement, I wouldn’t worry much about the drop. You have enough time to more than make up for the drop.
Yep, if you aren't retiring then it really doesn't matter right now. Matter of fact, they are doing you a favor as your contributions will be earning more securities which will help your retirement.
Posted on 5/13/22 at 6:07 pm to rickgrimes
I’m down over $200K and I’m retired. I’m about 48% equities with over 10% in cash. Normal risk for my age.
Posted on 5/13/22 at 6:25 pm to Jjdoc
quote:
No it isn't. CLM is way above that. Explain to me how purchasing CLM in March and April of 2020 was a bad thing? They pay a monthly Divi between 16% to 19% They did so even during covid.
You don’t understand anything about CLM. You’ve made that clear in other threads.
The NAV of the fund is 34% below the current price people are paying. Congrats on your 19% dividend after you overpay by 34%.
Posted on 5/13/22 at 7:29 pm to rickgrimes
Man! You need to learn about selling covered calls. You could have been SUBSTANTIALLY lowering your cost basis during this pullback.
Options are your friend!!
Options are your friend!!
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