RealMoneyIssues
TSP Legend
- Reaction score
- 100
My oceanic account gave back $1 million and I dumped another $800K into the market in December 2008. Kept my dividend reinvestments intact all the way down. Yes, I have made it all back and then some. In retirement you have to be able to absorb pain and keep the strategy intact because that's where the income resides - I let my capital gains take care of themselves until I harvest them at a later date. I bought housing stocks when there wasn't even a cellar yet to call a foundation - that $800K buying spree was a very prescient move and it took immense courage to throw that much more money down an already deep and dark rabbit hole. But that is what age and experience does for an investor. I'll be bullishly buying for the next 15 years and riding the cycles. I'm not trying to be braggadocio but success requires risk.
I hope the market is higher than it is now (triple top) when you need to withdraw the money to live on...