pkcrafter wrote:I'm also glad to hear you've recovered. When did you go to 60/40? Did you hold 85% stock through the drawdown and back up? You must have aged 25 years since 2007 to go from 85/15 to 60/40.
All kidding aside, what would you tell new investors after this experience?
livesoft wrote:So during those last 5 years, did you reduce your annual expenses commensurate with lower net worth?
SteveB3005 wrote:High five Jay, very nice. A good testimony to the system here.
325e wrote:Wow, very cool. Thanks for the detail. We can all learn a little bit from different situations.
I can only imagine how difficult it was to keep your head on straight when you go from raking it in, to out of business.
RenoJay wrote:To be honest, I always considered myself very lucky. Very, very few people ever get the opportunity I did, so even if the market took it all away I'd have nothing to pity myself about. That said, the stress certainly did throw me for a loop.
sschullo wrote:Yea, same thing happened to me and wrote a book about it. We recovered from the tech crash and had a dent in our portfolio in 2008. It took us about ten years to recover. We confronted two of the biggest stock market crashes in history and still retired early with a comfortable nest egg.
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