Author Topic: Top is in  (Read 484951 times)

talltexan

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Re: Top is in
« Reply #2100 on: February 06, 2018, 11:33:26 AM »
I'm scheduled to rebalance this week (it's my birthday), and--frankly--I might just skip it. Just too volatile.

DS

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Re: Top is in
« Reply #2101 on: February 06, 2018, 11:36:09 AM »
Me, me, me!

Oh, wait. I didn't sell anything.

I actually bought some stuff for my kids' 529s. And I didn't look much at what the market was doing. I just had my plan and I executed it. How boring.

I just fell asleep.

JAYSLOL

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Re: Top is in
« Reply #2102 on: February 06, 2018, 11:47:40 AM »
Me!  I sold sold some stuff.  Well, not stocks, some old tools I don't use, some audio gear and a few odds and ends.  Put that money to good use buying stocks in my TFSA this morning.

OurTown

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Re: Top is in
« Reply #2103 on: February 06, 2018, 11:49:30 AM »
I'm looking to do a rebalance, but it has to be just the right time.  Hence, the difficulties of market timing.

boarder42

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Re: Top is in
« Reply #2104 on: February 06, 2018, 11:49:38 AM »
Really need vanguard to hurry up with their tax forms so I can get my overly large return back due to last minute opening of my vanguard charitable account. So I can dump that in

nereo

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Re: Top is in
« Reply #2105 on: February 06, 2018, 11:50:17 AM »
Me!  I sold sold some stuff.  Well, not stocks, some old tools I don't use, some audio gear and a few odds and ends.  Put that money to good use buying stocks in my TFSA this morning.
oh man, that was a mistake - my analysis clearly shows we are no where near the top for old tools. 

DS

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Re: Top is in
« Reply #2106 on: February 06, 2018, 11:55:11 AM »

Clean Shaven

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Re: Top is in
« Reply #2107 on: February 06, 2018, 11:59:47 AM »


Since the market is rocking and rolling today, does that mean....


Top is in?

nereo

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Re: Top is in
« Reply #2108 on: February 06, 2018, 01:06:05 PM »
Time to fess up, market timers.  Who has sold stocks this week in response to the market drop?

I mean besides thorstache, who presumably went 100% cash last April when he called the top the first time.

In my imagination, thorstach has been shorting the market since last April, and has been in a perpetual cash-squeeze.  Hey, it might explain the constant 'top is in' comments... s/he's trying to start a panic-selloff.

JAYSLOL

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Re: Top is in
« Reply #2109 on: February 06, 2018, 01:06:32 PM »
Me!  I sold sold some stuff.  Well, not stocks, some old tools I don't use, some audio gear and a few odds and ends.  Put that money to good use buying stocks in my TFSA this morning.
oh man, that was a mistake - my analysis clearly shows we are no where near the top for old tools.

Yeah, I know risky timing of the highly speculative market of old tools.  Consider me a rebel

PathtoFIRE

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Re: Top is in
« Reply #2110 on: February 06, 2018, 01:24:29 PM »
I neither bought nor sold. Paid at the end of this week (and therefore will be buying at the end of this week). Anyone else a little disappointed in the last hour rally? I mean I want the markets to go up forever and ever like the next guy, but barring that, I'd like to at least see a few pullbacks sprinkled about my accumulation phase that last more than just double digit hours. Well there's always tomorrow.

anisotropy

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Re: Top is in
« Reply #2111 on: February 06, 2018, 01:26:43 PM »
Time to fess up, market timers.  Who has sold stocks this week in response to the market drop?

I mean besides thorstache, who presumably went 100% cash last April when he called the top the first time.

I bought, as can be seen in my recent post. Did I just time the bottom? (fingers crossed)

My VIX plays are mostly a fluke; while I bought "protections" (HUV / VXX) as an extension of my thesis (vol to rise with market) in the latest sermon, I was not expecting a massive spike literally the day of, just as I was not expecting a 1000+ drop of Dow. Overall heavy losses even with multiple layers of hedges via asset allocation and tactical trades (VIX plays), although it's probably much less severe than most people.

Yay for me?

ps. you guys know if I actually timed (didn't even look, just bought lol) the bottom this time, and with my lucky VIX plays, you are not going to hear the end of it from now on when I preach the benefits of timing right?
« Last Edit: February 06, 2018, 01:38:51 PM by anisotropy »

caracarn

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Re: Top is in
« Reply #2112 on: February 06, 2018, 01:29:28 PM »
Oh wow.  Yes, I'm moving a few thousand into VTSAX that has accumulated over the last few months that I am now comfortable will not be needed for anything but savings.  Figured I'd be buying in at early January 2018 values, but now I see that was a pipe dream.  Still got a 50% discount versus a full one from the one day drop.

BTDretire

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Re: Top is in
« Reply #2113 on: February 06, 2018, 01:35:27 PM »
Time to fess up, market timers.  Who has sold stocks this week in response to the market drop?

Me, me, I have my hand up!
 I sold 8.3% on 2-1 or 2-2, I'm on the an open wifi so can't look, and I also moved a little money into some REIT preferreds. But, I responded to someone in another thread (maybe you) that I'm almost 63 and was 83% in stocks. I've had a beautiful flight since 2009 and stayed with the higher AA a long ways. I'm 40x expenses so this hasn't really hurt me, and had thoughts about just stay with a high AA for my kids inheritance, most likely we could weather any storm. But, when SHTF, I didn't.

EDIT: Everything just now changed , my daughter called me,
she got accepted to a Dental College. Yahoo, yippee :-)
But, that is going to cost about $70,000 a year out of my retirement fund.
We earn about $70,000, going to have to figure where to find
extra cash flow of $40k to $50k extra a year.
 It's always something. :-)
 
« Last Edit: February 06, 2018, 02:29:19 PM by BTDretire »

Wintergreen78

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Re: Top is in
« Reply #2114 on: February 06, 2018, 01:36:44 PM »
This is very serious news, and this thread has completely ignored it. The roadster top will be in about ten minutes from now. You can watch it live here:

https://m.youtube.com/watch?v=99llRhH71vA&feature=youtu.be

Mississippi Mudstache

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Re: Top is in
« Reply #2115 on: February 06, 2018, 01:40:28 PM »
This is very serious news, and this thread has completely ignored it. The roadster top will be in about ten minutes from now. You can watch it live here:

https://m.youtube.com/watch?v=99llRhH71vA&feature=youtu.be

I'm watching as well! The top (of the rocket) is about to go through the stratosphere! Or rain down in a million bits. Either way, should be a good show.

aboatguy

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Re: Top is in
« Reply #2116 on: February 06, 2018, 01:41:22 PM »
Bottom is in! 

« Last Edit: February 06, 2018, 01:48:44 PM by aboatguy »

dragoncar

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Re: Top is in
« Reply #2117 on: February 06, 2018, 01:48:24 PM »
Quote from: dude link=topic=71868.msg1887637#msg1887637


There's a pretty good argument that the market is indeed a zero sum game pitting retirees against savers:

https://earlyretirementnow.com/2017/05/17/the-ultimate-guide-to-safe-withdrawal-rates-part-14-sequence-of-return-risk/

Because the sequence of returns impact is flipped -- i.e., negative returns that are very bad early in retirement are very good early in the accumulation phase.

So I wouldn't take the cheerleading for savers for a market downturn personally. It's the nature of the beast, and in any case, the 4% Rule was designed to cover you for this eventuality. If you're spooked, drop to 3% and there's a near guarantee you'll be fine.  Might mean tightening the belt a little bit (unless you did one of the "lean FIRE" deals) or finding some part-time work. The labor market hasn't been better for workers in 20+ years.

Damn, that guy has really good analysis and a page for everything.  Keep meaning to real more of his stuff, but Iím like really busy not working right now

His chart is comparing various paths with equal total returns (10%, -15/42, 42/-15).  But we are talking about hopes, wishes, and other things of fantastical nature.

So I still think that, if you are going to hope for an outcome, it should be something like +15/+45.  Wouldnít it be nice for everyone if we got such returns and the economic fundamentals to make it stick?

Why waste your time hoping for a downturn?  It just doesnít make sense to me when there are win/win scenarios out there



2Birds1Stone

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Re: Top is in
« Reply #2118 on: February 06, 2018, 01:59:11 PM »
I hope we see another 10% decline before any sort of end to this correction. Still have lots of accumulation ahead of us.

I gotta say Iím tired of this sentiment.  I understand why people say this, but surely you realize that there are a lot of us here who are actually retired and will be hurt by a downturn.  For us itís not a buying opportunity, so maybe limit your enthusiasm? 

dont fucking dance

Sorry, I understand that not everyone is still accumulating, but the straight shot up over the past year has many people giddy and irrationally optimistic on future returns.

Pullbacks, corrections, etc are healthy once in a while. Is you AA in line with your risk tolerance? Surely you haven't FIRE'd with an AA that is too aggressive and therefore will make you queasy during a pullback such as 2008?

I know the first time I experienced a correction it was gut wrenching, I adjusted my AA accordingly. 

Alex239

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Re: Top is in
« Reply #2119 on: February 06, 2018, 02:12:58 PM »
Time to fess up, market timers.  Who has sold stocks this week in response to the market drop?

I mean besides thorstache, who presumably went 100% cash last April when he called the top the first time.

I bough and sold /ES futures and made money, surpassing my daily target Friday, Monday and Today(Tues). Aint nobody got time for long term holding in this chaos. I'm just picking up hundred dollar bills are replanting my succulents since I was done trading by 10MST today!

Wintergreen78

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Re: Top is in
« Reply #2120 on: February 06, 2018, 02:24:41 PM »
I made delicious pancakes for breakfast today, a car flew into space and the S&P had the best day in over a year! These things were definitely all related.

Everyone who sold missed the little known Pancake/Space Oddity technical indicator and missed out on todayís gains. I think the bottom is in and we are back on our way to a new top.


Much Fishing to Do

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Re: Top is in
« Reply #2121 on: February 06, 2018, 03:03:16 PM »
Crap.  I thought the bottom was in so made my vanguard solo 401k quarter contribution this morning...but it wont take effect until end of day which is probably a new top and not the bottom...this is young man's game... ;-)

Bicycle_B

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Re: Top is in
« Reply #2122 on: February 06, 2018, 03:08:22 PM »
I made delicious pancakes for breakfast today, a car flew into space and the S&P had the best day in over a year! These things were definitely all related.

Everyone who sold missed the little known Pancake/Space Oddity technical indicator and missed out on todayís gains. I think the bottom is in and we are back on our way to a new top.

Thanks, Wintergreen.  This information about the space-and-pancakes top means a lot to me.    :)

As usual, I didn't get around to rebalancing this week.  Or last week.  Or any time in months.  So, no selling yet. 

I should put more energy into the grueling task of pushing a few buttons to rebalance my portfolio once every whole year, probably.  But I prefer reading this thread.  On to the space-and-pancakes top!!

nereo

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Re: Top is in
« Reply #2123 on: February 06, 2018, 03:11:15 PM »
I made delicious pancakes for breakfast today, a car flew into space and the S&P had the best day in over a year! These things were definitely all related.

Anyone else notice that today's market rally occurred almost simultaneously with the liftoff of a Tesla towards Mars?
Coincidence??
Mars is the new top.

dragoncar

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Re: Top is in
« Reply #2124 on: February 06, 2018, 03:22:56 PM »
Finally the flying cars weíve been promised for decades!  Now we need to bioengineer sentient bacon that can climb itself into my miuth

Wintergreen78

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Re: Top is in
« Reply #2125 on: February 06, 2018, 03:44:09 PM »
Finally the flying cars weíve been promised for decades!  Now we need to bioengineer sentient bacon that can climb itself into my miuth

No, the bacon trade was last week. It got too crowded and now you canít generate alpha with it anymore. You have to stay nimble to keep in front of the trend.

retireatbirth

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Re: Top is in
« Reply #2126 on: February 06, 2018, 05:13:31 PM »
Could be an opportunity to harvest some losses in your taxable and shift funds around if things aren't optimized for you. I'll probably shift some of my total market fund out of taxable if we get to correction territory.

secondcor521

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Re: Top is in
« Reply #2127 on: February 06, 2018, 05:42:19 PM »
I could be completely wrong here, but aren't there 2 totally different "40 year windows"?  The first one is you are 25 and plan to retire at 65 so you have 40 years of saving (and not using) ahead of you.  This I often see starting off with a 90/10 allocation.  But if you are actually retired and now looking at doing 40 years of consumption, with no significant new investment, that same 90/10 seems quite a bit more aggressive.   A traditionally-aged retiree should benefit from cheaper healthcare as they will qualify for medicare.  Their home should be paid off.  Shouldn't have a bunch of kids in daycare or college.  Everything I've read suggests the change in AA at retirement age isn't to handle increased costs it's to deal with no additional income and greatly reduced ability to absorb massive losses in your stache.

This is in no way directed at you, but some of the other posters on here claiming to be retired seem like they are more accurately just on sabbatical provided the markets stay strong.  Hell, I was ready to retire this year.  All I needed was bitcoin to keep doing 10% a day, but alas, I'm back in the workforce now lol.

I'm not sure how to answer your first question.  My plan officially is to review my plan every year, so now I am looking at a 40 year horizon.  Next year I suppose I could plan on a 39 year horizon, but the math doesn't really change that much.
 In 10 years or so I might shift that to a 30 year horizon, depending on my health.  As stated before, for a 40 year horizon, historically the most survivable sweet spot is around 90/10.

You are correct that a 90/10 after FIRE feels more aggressive than a 90/10 during accumulation.  FWIW, I was 100% stocks from 1986 through 2016.

The last sentence of your first paragraph sounds like the traditional advice, which I don't follow.

As far as the stability of people's retirements...well, everyone lays their bets and takes their chances.  I feel very comfortable with mine.  I also respect people who make different decisions because I assume they have different goals, risk profiles, personalities, plans, etc.

dragoncar

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Re: Top is in
« Reply #2128 on: February 06, 2018, 06:16:41 PM »
Finally the flying cars weíve been promised for decades!  Now we need to bioengineer sentient bacon that can climb itself into my miuth

No, the bacon trade was last week. It got too crowded and now you canít generate alpha with it anymore. You have to stay nimble to keep in front of the trend.

I know itís a joke around here, but I donít do that trend following BS.  My love for bacon is eternal and I will continue to hodl even if itís not a hot meme anymore

Travis

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Re: Top is in
« Reply #2129 on: February 06, 2018, 08:44:14 PM »
"We think this is an interruption [of the bull market] rather than the start of a bear market," said Craig Callahan, the founder of ICON Advisers. "We didn't see any of the typical conditions you get for a top."

-some dude on CNBC

JAYSLOL

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Re: Top is in
« Reply #2130 on: February 06, 2018, 09:08:57 PM »
"We think this is an interruption [of the bull market] rather than the start of a bear market," said Craig Callahan, the founder of ICON Advisers. "We didn't see any of the typical conditions you get for a top."

-some dude on CNBC

Wait, is this not the "mother of all tops"?  I heard from a reliable source that it is. 

aspiringnomad

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Re: Top is in
« Reply #2131 on: February 06, 2018, 09:17:48 PM »
"We think this is an interruption [of the bull market] rather than the start of a bear market," said Craig Callahan, the founder of ICON Advisers. "We didn't see any of the typical conditions you get for a top."

-some dude on CNBC

Wait, is this not the "mother of all tops"?  I heard from a reliable source that it is.

To be fair, I'd say thorstach is just as reliable as CNBC dude. Both reliably present guesswork as science.

facepalm

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Re: Top is in
« Reply #2132 on: February 06, 2018, 10:25:57 PM »
Bottom is in!

Came here to post this.

If I learned anything this week, it is that I am far less risk averse than I thought. Will be trimming back bondes a bit at some point.

sol

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Re: Top is in
« Reply #2133 on: February 06, 2018, 10:29:44 PM »
Bottom is in!

Came here to post this.

If I learned anything this week, it is that I am far less risk averse than I thought. Will be trimming back bondes a bit at some point.


You think that little warble tested your risk tolerance? 

dragoncar

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Re: Top is in
« Reply #2134 on: February 06, 2018, 10:53:30 PM »
Bottom is in!

Came here to post this.

If I learned anything this week, it is that I am far less risk averse than I thought. Will be trimming back bondes a bit at some point.

Iím also trimming my blonde position back.  Diversifying into brunettess

toganet

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Re: Top is in
« Reply #2135 on: February 07, 2018, 06:57:09 AM »
I was pleasantly surprised to hear a commentator on NPR Monday morning give sound advice about what to do with your retirement portfolio in that situation: Have an investment strategy that reflects your level of comfort with risk, and stick with.  Don't try to time the market.  Invest in low-cost, broad index funds.  Invest over the long term. 

I guess they missed the message that the top was in?

Mr. Green

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Re: Top is in
« Reply #2136 on: February 07, 2018, 06:58:37 AM »
Bottom is in!

Came here to post this.

If I learned anything this week, it is that I am far less risk averse than I thought. Will be trimming back bondes a bit at some point.

You think that little warble tested your risk tolerance?
I wouldn't consider my risk tolerance tested on anything less than a 20% loss in two weeks. That's similar to what happened in 2008 and if you can't tolerate the worst then the asset allocation needs to change!

nereo

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Re: Top is in
« Reply #2137 on: February 07, 2018, 07:42:44 AM »
Bottom is in!

Came here to post this.

If I learned anything this week, it is that I am far less risk averse than I thought. Will be trimming back bondes a bit at some point.

You think that little warble tested your risk tolerance?
I wouldn't consider my risk tolerance tested on anything less than a 20% loss in two weeks. That's similar to what happened in 2008 and if you can't tolerate the worst then the asset allocation needs to change!

Agreeing in general, but I'd argue what needs to change isn't so much asset allocation as your entire mentality towards investing.
If you are focused on the stock ticker, checking your balance on a daily basis and lapping up all the media about the latest market movements (up or down).... you are paying way too much attention. Not only is that not helpful, it's downright harmful. It's obsessive. Anytime you give anything that much attention it becomes the most important thing ever ... even when its not.

If your investment timeline is measured in decades there's no damn point in checking in any more frequently than every few months (even that's probably too frequently for some).

So: if the market fluctuations are giving you jitters - it's time to tune out.  Go on a low-information diet. Set your contributions and forget everything else.

OurTown

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Re: Top is in
« Reply #2138 on: February 07, 2018, 08:15:43 AM »
Bottom was in.  I missed it.

boarder42

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Re: Top is in
« Reply #2139 on: February 07, 2018, 08:21:26 AM »
Bottom is in!

Came here to post this.

If I learned anything this week, it is that I am far less risk averse than I thought. Will be trimming back bondes a bit at some point.

You think that little warble tested your risk tolerance?
I wouldn't consider my risk tolerance tested on anything less than a 20% loss in two weeks. That's similar to what happened in 2008 and if you can't tolerate the worst then the asset allocation needs to change!

Agreeing in general, but I'd argue what needs to change isn't so much asset allocation as your entire mentality towards investing.
If you are focused on the stock ticker, checking your balance on a daily basis and lapping up all the media about the latest market movements (up or down).... you are paying way too much attention. Not only is that not helpful, it's downright harmful. It's obsessive. Anytime you give anything that much attention it becomes the most important thing ever ... even when its not.

If your investment timeline is measured in decades there's no damn point in checking in any more frequently than every few months (even that's probably too frequently for some).

So: if the market fluctuations are giving you jitters - it's time to tune out.  Go on a low-information diet. Set your contributions and forget everything else.

I find it as an Excellent source of daily entertainment. It doesn't effect my investment mindset at all. But I love to check it daily. Though when it's not hitting all time highs I do check less bc it's less fun to see money go down vs up.

nereo

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Re: Top is in
« Reply #2140 on: February 07, 2018, 08:29:24 AM »
Bottom is in!

Came here to post this.

If I learned anything this week, it is that I am far less risk averse than I thought. Will be trimming back bondes a bit at some point.

You think that little warble tested your risk tolerance?
I wouldn't consider my risk tolerance tested on anything less than a 20% loss in two weeks. That's similar to what happened in 2008 and if you can't tolerate the worst then the asset allocation needs to change!

Agreeing in general, but I'd argue what needs to change isn't so much asset allocation as your entire mentality towards investing.
If you are focused on the stock ticker, checking your balance on a daily basis and lapping up all the media about the latest market movements (up or down).... you are paying way too much attention. Not only is that not helpful, it's downright harmful. It's obsessive. Anytime you give anything that much attention it becomes the most important thing ever ... even when its not.

If your investment timeline is measured in decades there's no damn point in checking in any more frequently than every few months (even that's probably too frequently for some).

So: if the market fluctuations are giving you jitters - it's time to tune out.  Go on a low-information diet. Set your contributions and forget everything else.

I find it as an Excellent source of daily entertainment. It doesn't effect my investment mindset at all. But I love to check it daily. Though when it's not hitting all time highs I do check less bc it's less fun to see money go down vs up.

Sure.  Which is why I included that last statement "So if the market fluctuations are giving you jitters - it's time to tune out.
People who know they are disciplined enough to 'stay the course' can do what they like (though there's still no point in checking balances daily, other than S&G). but for most, the more they pay attention to the market the more emotional they become about investing, and the more likely they are to do dumb things. That's behavioral ecology at work...

Kalergie

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Re: Top is in
« Reply #2141 on: February 07, 2018, 08:29:38 AM »
If you are focused on the stock ticker, checking your balance on a daily basis and lapping up all the media about the latest market movements (up or down).... you are paying way too much attention. Not only is that not helpful, it's downright harmful. It's obsessive. Anytime you give anything that much attention it becomes the most important thing ever ... even when its not.

If your investment timeline is measured in decades there's no damn point in checking in any more frequently than every few months (even that's probably too frequently for some).

So: if the market fluctuations are giving you jitters - it's time to tune out.  Go on a low-information diet. Set your contributions and forget everything else.
@nereo:
Just wanted to let you know I added this excellent advise to my IPS. Thank you for this!

nereo

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Re: Top is in
« Reply #2142 on: February 07, 2018, 08:32:57 AM »
If you are focused on the stock ticker, checking your balance on a daily basis and lapping up all the media about the latest market movements (up or down).... you are paying way too much attention. Not only is that not helpful, it's downright harmful. It's obsessive. Anytime you give anything that much attention it becomes the most important thing ever ... even when its not.

If your investment timeline is measured in decades there's no damn point in checking in any more frequently than every few months (even that's probably too frequently for some).

So: if the market fluctuations are giving you jitters - it's time to tune out.  Go on a low-information diet. Set your contributions and forget everything else.
@nereo:
Just wanted to let you know I added this excellent advise to my IPS. Thank you for this!
yay!  I helped somebody!

DarkandStormy

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Re: Top is in
« Reply #2143 on: February 07, 2018, 09:00:31 AM »
The mother of all tops is in.

Please post more.

toganet

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Re: Top is in
« Reply #2144 on: February 07, 2018, 09:44:37 AM »
If you are focused on the stock ticker, checking your balance on a daily basis and lapping up all the media about the latest market movements (up or down).... you are paying way too much attention. Not only is that not helpful, it's downright harmful. It's obsessive. Anytime you give anything that much attention it becomes the most important thing ever ... even when its not.

If your investment timeline is measured in decades there's no damn point in checking in any more frequently than every few months (even that's probably too frequently for some).

So: if the market fluctuations are giving you jitters - it's time to tune out.  Go on a low-information diet. Set your contributions and forget everything else.
@nereo:
Just wanted to let you know I added this excellent advise to my IPS. Thank you for this!

For me, part of figuring out what my personal risk tolerance actually is required me to pay close attention for a while.  Counterintuitively, I would have been less risk tolerant (and missing out on gains over time) if I hadn't ridden the rollercoaster a couple times myself. YMMV

aboatguy

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Re: Top is in
« Reply #2145 on: February 07, 2018, 09:57:47 AM »
Bottom was in.  I missed it.
You may have missed this bottom, however, I am certain there will be another bottom sometime in the future.

Mike

aboatguy

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Re: Top is in
« Reply #2146 on: February 07, 2018, 09:59:12 AM »
The Bacon Bottom Pizza is in!

Mississippi Mudstache

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Re: Top is in
« Reply #2147 on: February 07, 2018, 10:04:08 AM »
If you are focused on the stock ticker, checking your balance on a daily basis and lapping up all the media about the latest market movements (up or down).... you are paying way too much attention. Not only is that not helpful, it's downright harmful. It's obsessive. Anytime you give anything that much attention it becomes the most important thing ever ... even when its not.

If your investment timeline is measured in decades there's no damn point in checking in any more frequently than every few months (even that's probably too frequently for some).

So: if the market fluctuations are giving you jitters - it's time to tune out.  Go on a low-information diet. Set your contributions and forget everything else.
@nereo:
Just wanted to let you know I added this excellent advise to my IPS. Thank you for this!

For me, part of figuring out what my personal risk tolerance actually is required me to pay close attention for a while.  Counterintuitively, I would have been less risk tolerant (and missing out on gains over time) if I hadn't ridden the rollercoaster a couple times myself. YMMV

I sort of agree with this. Early on (ca. 2011), I was checking the markets constantly, and I did a bit of active trading - value investing, nothing fancy - and I always found my returns lagging the total market indices, with greater volatility to boot. After losing about $600 bucks in a day, which seemed like a lot at the time, I decided that index investing was less risky. I settled on an asset allocation and quit worrying. The daily numbers seem less salient as time goes by.

the_fixer

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Re: Top is in
« Reply #2148 on: February 07, 2018, 10:06:34 AM »
To all of my friends texting and calling freaking out between Friday and yesterday.
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What good is the warmth of summer, without the cold of winter to give it sweetness

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Sent from my Pixel 2 XL using Tapatalk


DS

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Re: Top is in
« Reply #2149 on: February 07, 2018, 10:16:10 AM »
To all of my friends texting and calling freaking out between Friday and yesterday.
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What good is the warmth of summer, without the cold of winter to give it sweetness

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What good is the top, without selling off all of your assets and retreating to a remote cave

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