RE:RE:RE:RE:RE:RE:RE:Note: X date TODAY6 Years in retirement--that's great and glad to hear that you're enjoying it and not sweating the markets!
I'll be honest and say that if I was fully invested in 2008, I think it would probably have had a huge impact on my mental state--there was nowhere to run back then, but what I've been trying to do is to build a robust enough portfolio that it won't force me back into the workplace (and combine that with your theory about investing in stable companies to weather the storm). Thanks for the advice about proper assessment of risk tolerance. I think mine is lower than average (not from a financial standpoint, more from a mental standpoint), but as you said, as long as a dividend company keeps paying the dividend, then the price only really matters when you need/want to sell (and you can't take it with you when you go...)!
Thanks again, WW.
SargeX wrote: Hey Walt
Fair enough on the "new to semi-retirement" comment. As mentioned, I've been fully retired for over 6 years and also watch things fairly closely when I'm at home (no smartphone so no checky-checky when out). I watch and research as more of a hobby than anything although it has helped to be up on things in case a company I own gets bought out and I find myself with a whack of cash to invest.
The thing I've learnt over the years is that if you buy what you think are good companies, then it sure is stress-free to just ignore the short term stuff. It's worked for me many times including 2001-2002, 2008-2009, etc, etc.
Learning to relax and chill-out does take some people some extra time BUT the biggest recommendation that I would have is to properly assess your risk tolerance. Many people really over-estimate what their tolerance actually is and find themselves panicking when a stiff correction occurs.
Take her easy
Sarge
WalterWhy wrote: Hey Sarge,,
While I hope $35 isn't in the cards, I've been holding ENB since it was in the mid-50s and sat in on the ride last December into the high 30s and kept adding to the position--I generally layer in and layer out.
I've been slow trading the single-name dividend payers for various ETFs, but I'm not sure it works out any better than holding a bunch of dividend stocks. Don't worry, I'm not despondent or anything, was just hoping to get more cushion and beer money for retirement. I take your point that it's probably better not to check in on the portfolio too often and to just let things play out (I'm only recently semi-retired, so I find I have to fight the urge to check and just go live life).
Thanks again,
WW.