I left my firm on December 31, 1999, a mere three months before the market started to plunge. After settling down some, the market plunged again after 9-11. I didn't plan on either of these things, so I got a little concerned when my overall portfolio notched a 55% drop in net asset value. Time seems to cure most problems when it comes to the market, though. I think staying the course is the best thing to do when it comes to the market, assuming you had a reasonable investment strategy to start with. I've always been a conservative investor, but I'm still 90% in equities, so I guess that's not too conservative. My entire portfolio is with Vanguard, spread among a group of mostly large and mid-cap funds. As for bridging the gap, I've continued to do a little part-time consulting, so I actually haven't had to draw down anything from my portfolio over the past 7 years. I've been lucky with my part-time consulting...minimal work for maximum return.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra