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No. of Recommendations: 5
Fortunately I don't have as much in as some do but still it is painful. Of course if you are young, it won't matter but for those older folks close to retirement, a 20% drop is often several years of withdrawals down the drain. That 20% drop on a 7 digit portfolio is a lot different than one on a 5 digit portfolio. At least it is to me. -- richinaz

I retired in 2010 and had a VERY nice portfolio in November that had hopes of reaching 8 digits soon. Now, down about.... 85% (partially due to withdrawals for a place now getting built in the mountains.... might have to walk away from the amount we have sunk into it).

Searching Amazon for some books on "Creative Cardboard Box Living" and "Roadkill vs Rats".

Looking for used copies of course.... Gotta save a couple bucks... ;)

Still, I have a plan.

But yeah, it's been painful at times.

(Side note: I visited a community in India in March. The folks there are known as Rat Eaters and they keep small dogs for catching them. Maybe something to add to the reading list...)

Rob
Rule Breaker Home Fool
He is no fool who gives what he cannot keep to gain what he cannot lose.

”If you are in the right companies, the potential rise can be so enormous that everything else is secondary. Every $1,000 I and my clients put into Motorola in 1957 is now worth $1,993,846 — after all the ups and downs of the stock and of the market…
If I’d sold Motorola because I thought it was overpriced 10 or 15 years ago, chances are I would not have known when to get back in, and I would have missed a tremendous profit. If one of my stocks gets overpriced, I warn my clients that things may be unpleasant for a little while but it will rise to a new peak later.” Phillip Fisher
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