So I don’t have much to say today, other than I’m feeling slightly suicidal. Never open a statement from your investment funds during a deprecession. In October I lost another $33,000 (from one fund alone, not counting the two 403b funds at GDU, whose proprietors spare you the month-by-month gore and send statements only quarterly). Since last December, I’ve lost at least $100,000.
All of which, I’m told, will “come back” over time. Problem is, l’il chickadees, at some point in your life you don’t have any more time. My guess is it will take about 10 years for steadily reinvested returns (whenever returns return) to regain a hundred grand—optimistically speaking. I don’t have 10 years. In 10 years, should I live that long, I’ll be ready for the nursing home.
At this point, M’hijito has taken on a larger portion of the Investment House payments, but the amount I’m left paying is STILL more than 4% of my remaining savings. I can continue to pay my portion of the mortgage only if I survive the next round of GDU layoffs, a prospect that looks more unlikely as the moments pass. If I hang onto my job, I can add another couple hundred bucks to the mortgage payments from cash flow—only because I took on a ridiculous course load (behind my boss’s back) in the spring and saved every penny—and that will bring my savings drawdown to right around 4%. But…ah, my friends and oh, my foes: It will be a God’s miracle if I’m not canned in December.
I do not know what we are going to do if (read “when”) that happens.
Yes, I do. Default. That’s what we’re going to do. Sumbich.
Who’d’ve thunk it?
R.I.P.: Al Capp, Ernest H. Shepard
Loved and missed forever
…or until the rest of us die, whichever comes first
Sorry 🙁 That sucks. Sending a cyber hug!
Hang in there. No word from the non-profs yet?
Nope. The Botanical Garden by now has made its hire: they said they would make their decision in the first week of November, which has come and gone.
The other five? They didn’t even bother to acknowledge receipt of my applications.