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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 19371  
Subject: Re: Question For Other Retired Fools Date: 6/7/2002 5:02 PM
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Let me tell a little more about all this.

DH retired from a company in 1996 that was Employee Owned, and ALL of our money had been in that one basket for close to 20 years. We were fortunate to be able to retire at age 51, but had absolutely NO knowledge of stocks, bonds, mutual funds etc.

Retirement that early was fun fun fun! We were up a huge amount when it starting falling about 18 months ago, and finally starting paying some attention to what was going on. It was then & there we decided we needed to know a little more about all this than we did....so, here I am, a Fool member and taking baby steps to get us back to some feelings of security again. And great steps we HAVE taken.

Thanksfully, we were/are well diversified, and have made a couple of decisions lately that (including INTC today) make us feel better about things.

It's a disservice to our FA to blame him for everything, when we are also responsible for what has happened to us...but we are taking a much more proactive approach to finances now.

Just as an aside, we finally started our first budget EVER in January 2002 (never needed one before). We've cut our monthly expenses over 30% while absorbing increases in monthly requirments, and reducing our monthly income by 12%. All in all, great strides!!

I just appreciate all the feedback & help from Fools around here...especially the LBYM board.

Kitty
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