Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: I've lost 30% [View all]llmart
(15,534 posts)25. I am in the same place as you are.
In my 70's and having to take my RMD's. I lived without that money before and was just fine, but I have been a frugal, non-materialistic person all my life, have lived below my means all my life. Yes, it's nice to have those monthly RMD checks, but I can live without them, so they sit in the account most of the time. I haven't used credit for years. No mortgage, no loans, no credit card debt.
I feel sorry for people who become so attached to material possessions. I mean that in a kind way. It's so freeing not to have the worry about it all.
Edit history
Please sign in to view edit histories.
44 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
I lost a lot too but then I look at what my house is going for and it's kind of
Maraya1969
Sep 2022
#1
30% ?! Yikes. Something is wrong. If you invested any time before the last two years you should
TeamProg
Sep 2022
#6
The value of my investments are probably down 20% too. But since I haven't sold them I
doc03
Sep 2022
#8
We always looked forward to that max out time. As if you got a raise.
True Blue American
Sep 2022
#18
Over time, the Dow gains 10%. Sometimes more, sometimes less, sometimes a negative number.
PoindexterOglethorpe
Sep 2022
#30
Good post. Got out when Orange Chosen One was threatening "fire and fury". It's legalized gambling
Evolve Dammit
Sep 2022
#10
A good number of people panic and do that. Some have to because they need the money
JohnSJ
Sep 2022
#22
My portfolio is down 17% over the last 2years. That just means prices are going down before the next
Bucky
Sep 2022
#26