Scanner counsels Savingadvicees.

**sweeps** · 03-09-2009, 11:40 AM

If I stay in the denial stage long enough, I can just skip right to the acceptance stage later.

**disneysteve** · 03-09-2009, 12:51 PM

Originally posted by Scanner View Post

DisneySteve, JimOhio, Sweeps, et al.,

You guys are still in denial.

I have no idea why you'd put me in stage 1. I am most definitely stage 5. "It's bad, but these things don't last forever. I'm going to work on my career and portfolio to be prepared for the opportunities when they do come." This is all I've been saying around here - telling people to hang on, keep dollar-cost-averaging, don't' stop funding retirement plans, don't sell it all and buy CDs, etc.

**jIM_Ohio** · 03-09-2009, 01:23 PM

I thought I was at step 5.

**GREENBACK** · 03-09-2009, 01:34 PM

If enough people get stuck in stage four( despair, sell it all and get out), stage five should become reality. We're certainly moving in that direction.

**creditcardfree** · 03-09-2009, 02:21 PM

I'm in stage 5!

**kork13** · 03-09-2009, 03:15 PM

Originally posted by disneysteve View Post

I have no idea why you'd put me in stage 1. I am most definitely stage 5.

Originally posted by jIM_Ohio View Post

I thought I was at step 5.

Originally posted by creditcardfree View Post

I'm in stage 5!

Not Actually Posted by kork13
nah... I'm totally in Stage 5....

ACTUALLY, we're all just in denial about not being in denial.

**Scanner** · 03-09-2009, 04:52 PM

I was just teasing you all with some psychobabble.

That being said, it does make you think. . .what if we were wrong all along and that owning a mix of stocks/bonds is not the path to financial independence.

That assumption is a sacred cow. . .maybe you all are in Stage 1.

**disneysteve** · 03-09-2009, 04:53 PM

Originally posted by Scanner View Post

what if we were wrong all along and that owning a mix of stocks/bonds is not the path to financial independence.

What's the alternative?

**GREENBACK** · 03-09-2009, 06:24 PM

Originally posted by Scanner View Post

That being said, it does make you think. . .what if we were wrong all along and that owning a mix of stocks/bonds is not the path to financial independence.

The only alternative I know of is literally burying your cash or just sticking it in a bank(same). You would basically need to live a super conservative hermit like existence and then hope your money has some value in a world where the stock market has finally hit zero, or thereabouts, in which case money will only be useful as toilet paper. Very appocolyptive, but guess what...it ain't gonna happen anytime soon.

**m3racer** · 03-09-2009, 06:33 PM

Originally posted by GREENBACK View Post

The only alternative I know of is literally burying your cash or just sticking it in a bank(same). You would basically need to live a super conservative hermit like existence and then hope your money has some value in a world where the stock market has finally hit zero, or thereabouts, in which case money will only be useful as toilet paper. Very appocolyptive, but guess what...it ain't gonna happen anytime soon.

I sure hope not.

**m3racer** · 03-09-2009, 06:35 PM

Originally posted by disneysteve View Post

What's the alternative?

I don't think there is any since all equities across the board are taking a beating. The only solution would be to increase your earned income.

**blankcheck** · 03-10-2009, 12:23 PM

Originally posted by GREENBACK View Post

The only alternative I know of is literally burying your cash or just sticking it in a bank(same). You would basically need to live a super conservative hermit like existence and then hope your money has some value in a world where the stock market has finally hit zero, or thereabouts, in which case money will only be useful as toilet paper. Very appocolyptive, but guess what...it ain't gonna happen anytime soon.

Yeah, that's my bet as well.

Scanner counsels Savingadvicees.