Post BREXIT where you are in FIRE?

[rennigade]

Stock up on gold so you can barter for chickens when the apocalypse happens.

Still a long way away from retiring...couldnt care less. Actually I guess I did care considering I bought more shares at a discount yesterday and the day before...not much but I threw in $2500.

[feh]

2.1 Trillion in global wealth was erased Friday which they say was the worst than Financial Crises. DOW down another 300 right now. This week doesn't look pretty. More losses to come.

We know BREXIT is a political move, not caused by financial markets. But the future of UK is looking more the "great depression" for them. Many companies that were looking to expand to UK now in questions. Near growth is non-existence.

If you are looking to retire in the next 2-3 years, how are you approaching this news, and the affect in your retirements? If you are retired, are you hedging more towards bonds? Maybe you are not worried all, and why?


https://www.theguardian.com/business...t-live-updates

As of Friday, I am switching to part time. Call it semi-retirement if you wish.

I haven't done anything in reaction to Brexit. With a well-diversified portfolio, bumps in the road are absorbed. If somebody can't stomach a 5% dip in their portfolio value, then they aren't ready to retire (or shouldn't be managing their own portfolio).

[tripods68]

Market is up 179--still below to make up huge hole from yesterday or last Friday.

The silver lining--we'll be adding more shares towards retirements/investments this week (Wed & Thurs) at the lower price.

[DaveInPgh]

Market is up 179--still below to make up huge hole from yesterday or last Friday.

The silver lining--we'll be adding more shares towards retirements/investments this week (Wed & Thurs) at the lower price.

My next contributions & company match is on Thursday.

[bjl584]

Market is up 179--still below to make up huge hole from yesterday or last Friday.

The silver lining--we'll be adding more shares towards retirements/investments this week (Wed & Thurs) at the lower price.

I'm buying Friday. Money transfers to my brokerage account the 1st of every month.

[disneysteve]

As of Friday, I am switching to part time. Call it semi-retirement if you wish.

Congrats! That's great.

I'm not there yet but I'm hoping that my new job is the first step in that direction. It pays a lot more so I don't need to work as many hours to earn the same money. Right now, though, I'm working even more hours to earn as much as I can within reason for college costs and to pad the retirement accounts.

[AJ444]

Still retiring in 20 years at 55. I sleep very well with 115-age of my portfolio in stock and the rest bonds.

[Nutria]

115-age of my portfolio in stock and the rest bonds.

A typo somewhere?

[AJ444]

A typo somewhere?

No???

[Nutria]

No???

Ok.

What does "115-age of my portfolio in stock and the rest bonds" mean?

[DaveInPgh]

Ok.

What does "115-age of my portfolio in stock and the rest bonds" mean?

Based on his post, 80% Stock & 20% Bonds

[feh]

Based on his post, 80% Stock & 20% Bonds

Jack Bogle famously recommended 100 minus your age in equities. Most folks over at bogleheads.org tend to be a little more aggressive than that, using 110/120 instead (at least during the accumulation phase).

[AJ444]

Based on his post, 80% Stock & 20% Bonds

Yup, this. The plan is to continue on that path until a 50/50 allocation and then hold there.

[LivingAlmostLarge]

Congratulations feh!

[Nutria]

Jack Bogle famously recommended your 100 minus your age in equities. Most folks over at bogleheads.org tend to be a little more aggressive than that, using 110/120 instead (at least during the accumulation phase).

Ah. That's what he meant by 115-age! (I thought it was some garbled form of "percentage".)