Quote:
Originally Posted by Red
Of course, because being 63 or 20 makes no difference. How about that 70 year old that was living off dividends? Screw him, start over pal, right? But let's all hold a vigil for that 20 year old that didn't get to live his american dream yet. His life is obviously over...
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This has nothing to do with the point (both your post and my reply) unless you are trying another "woah is me" post, but...
When a stock goes down, dividend typically increase (unless they cut dividend)...... not to mention, IIRC, Sept 2008 the DOW hit 6000. Within 1 year, it was back to ~9000 or so? 2007 saw a high of ~13,000.... IIRC the recommended liquid cash to hold is 1-2 years worth expenses.
If they had to start over, something went wrong in their financial planning....