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Subject:  Re: On second thought, 2828 - Small Cap Issue Date:  1/27/2013  7:05 PM
Author:  TreyAnas Number:  668574 of 875610

I completely agree. I invested through the lost decade and did quite well - on the backs of US small caps, emerging markets, and bond CEF's.

Since I retired in 2007, I've already been through a horrendous downturn while being off payroll. It was a good gut check, but I stayed almost fully invested and am worth much more now than when I retired.

As you suggest, the key for getting through (with a daughter in college, a son getting close, and a wife) was having more than three years' "salary" in cash. We lived largely off of dividends, but the cash helped me sleep.

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