Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (13) | Ignore Thread Prev | Next
Author: Bobcatkitty Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19380  
Subject: Re: Question For Other Retired Fools Date: 6/6/2002 2:13 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 3
I would be interested to hear how other retirees have navigated this stormy market and what their results has been. And, better yet, what their ideas are for the future months.


++++++++++++++++++++++++

It appears our lifeboat is having more & more people getting into it. DH & I are in the same situation. We've done a few things...so here goes:

1.) Traded in 2 fairly new cars & have gone to 1

2.) Have our new, expensive house for sale (sniff sniff)

3.) DH is finally receiving all his routine medical & Rx's from the VA

4.) I have a p/t job paying 400.00/mo

5.) Opened an ING acct...but now switching to another bank that has
3.5% interest rate.

6. Bought US Savings Bonds last fall (iBonds).

7. Seriously considering taking all money from currently owned stocks
and making investments in CD, Savings accts. until this daily
plunge in stock prices abates.

8.) We shop Sams Club & Winn-Dixie, buy & cook in bulk, have a definite
budget & we stick to it....I could go on & on.

Putting it mildly, we're worried. DH has been retired for over 6 years, and we're only 57 years old. SS & Medicare are a long way off. We've allowed a Financial Consultant to handle our affairs since retirement, but his lack of doing ANYTHING has seen our portfolio drop 50% in the last 18 months. We simply can't go any lower....and also believe with conservative investments for the next few years ..ones we decide on, we can't do any worse.

It's now time to step up to the plate and PRESERVE what we have rather than worry about growth.

All of this is JMHO...and you get what you paid for it.

Kitty

ps...I evan have a new email acct that is QueenofCheap@xxxx.xxx
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (13) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Apple

Wal-Mart Nixes Apple Pay
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement