Author Topic: Race from $1M to $2M  (Read 57195 times)

Exflyboy

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Re: Race from $1M to $2M
« Reply #500 on: February 06, 2018, 12:19:33 AM »
Well exactly!.. How does one actually drive 1.5 Tesla's at the same time anyway?..:)

Actually for those of us who have been through the 2008 bloodbath and realised that we not only lived through it..but was the time we made most of our money!.. well shoot.. Bring it on..:)

markbike528CBX

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Re: Race from $1M to $2M
« Reply #501 on: February 06, 2018, 07:21:22 AM »
Well exactly!.. How does one actually drive launch 1.5 Tesla's at the same time anyway?..:)

.... shoot.. Bring it on..:)

Edit for relevance...

https://www.reddit.com/r/spacex/comments/7vghiw/falcon_heavy_launches_to_mars_orbit_tomorrow_if/

couponvan

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Re: Race from $1M to $2M
« Reply #502 on: February 06, 2018, 08:10:21 AM »
Thanks.. I think a few more might be coming with me..:)

I'm about 1.5 new Tesla's down!
3's or X's....? ;-)
Why the hell are we going shopping? Buy sh*t, return other sh*t, go through sh*t and donate sh*t. Complain about having too much sh*t. Repeat. (Bracken Joy 2/17)




beeboy

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Re: Race from $1M to $2M
« Reply #503 on: February 06, 2018, 02:22:37 PM »
Like I saw in another thread.  Isn't it great to be able to lose tens of thousands, hell hundreds of thousands in a few days and joke about it?  We've seen these bumps hit over and over on this journey and aren't easily shaken out.

Bateaux - I definitely wouldn't call it "great". LOL! But, I know what you're saying. :0)

dogboyslim

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Re: Race from $1M to $2M
« Reply #504 on: February 06, 2018, 02:49:00 PM »
I'm down $86k.  Boo.  In good news though, I had a buy order that was delayed to Monday instead of Friday, so I will got the Monday close price.  At least I've got that going for me!  :)

brooklynmoney

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Re: Race from $1M to $2M
« Reply #505 on: February 06, 2018, 09:21:23 PM »
I don’t know or care how much I’m down but I am investing my end if Year bonus daily! Of course my inner worrier is hoping I’m not catching s falling knife but my rational side has prevailed

Dicey

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Re: Race from $1M to $2M
« Reply #506 on: February 06, 2018, 09:34:43 PM »
Haha.. I'm back into this group from above..:)
Haha, why do I not believe you?
I did it! I have a journal!
A Lot Like This
And hell yes, I am still moving confidently in the direction of my dreams...

Exflyboy

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Re: Race from $1M to $2M
« Reply #507 on: February 06, 2018, 11:59:52 PM »
Haha.. I'm back into this group from above..:)
Haha, why do I not believe you?

Well depends what part of our NW your counting and.. I haven't actually added it up.. Its probably true though...;)

PathtoFIRE

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Re: Race from $1M to $2M
« Reply #508 on: February 09, 2018, 09:02:14 AM »
So I got paid today which means I've updated my spreadsheet. I'm showing a loss of $93k since 2/1 and ignoring what just got added to the stash today. Would need at least another 18% drop off yesterdays closes to start to edge out of this group (at least temporarily).

What's strange, my spreadsheet also tracks 6 funds (total US, total world ex US, total bond from Vanguard and Fidelity) as a yardstick, and on the rise up in January I wasn't too surprised to see the bond funds trending negative just over 1%. I was surprised today to see they continued that trend and are almost -2% YTD. That taps out my level of sophistication, I guess someone else would know how to check inflows/outflows into various sectors and stocks versus bonds, but that suggests that the sellers don't appear to be flowing into bonds, at least not enough to raise those values. Where are they going, cash? Maybe to pay for margin calls they made to trade cryptocurrency?

I know it doesn't mean much in the important long term, but it gives a hint that this sell-off isn't fundamental and is likely to be temporary. Can't do much about it, we've already leaned our cash position (almost too much for DW's taste), so pretty much every $ that comes in either pays expenses or gets invested immediately, but I get the feeling this "buying opportunity" will be relatively short; at least I got one payday during it, here's hoping to another!

Bateaux

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Re: Race from $1M to $2M
« Reply #509 on: February 10, 2018, 04:54:09 AM »
It's times like these, watching over 100k melt away that make it worthwhile to still be working.  It was fresh gains in a mania market and probably will drop more.  Oh well, I'm buying.
“Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away.”
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aspiringnomad

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Re: Race from $1M to $2M
« Reply #510 on: February 10, 2018, 10:31:56 AM »
Still hanging in there and still have a decent buffer, but if this turns into a full-blown bear market I might crash out of this group.

Holyoak

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Re: Race from $1M to $2M
« Reply #511 on: February 11, 2018, 11:19:08 AM »
It's times like these, watching over 100k melt away that make it worthwhile to still be working.  It was fresh gains in a mania market and probably will drop more.  Oh well, I'm buying.

Funny how 'losing' about the same amount from the peak, has us feeling different emotions.  Even fully ER'd in spend-down mode, and not having worked for about 4 yrs, I'm absolutely calm, and almost comatose about this correction...  I only know I'm down about $108k from the peak on paper, cause I had to go to VG and update a beneficiary.  Come what may come I continue to stick to my plan, continue to live WAY under my means, and grateful for every day I don't have to work.

Having been an investor since just after the 87 crash has taught me a lot, and puts much into perspective; the 2008-ish time period, really was an acid test to see if you could truly stick by your convictions, and live your investing truth.  Remember the pundits literally saying it was the end of the USA, Dow down daily for what seemed a never bottoming panic eternity, martial law suggested, etc...  It was an absolutely binary choice, and I accelerated $$$  additions into the market and stocks.  Hell, if the USA went bust, we all would anyway, but as it turns out choices then have my ER finances in a much better position.  This recent blip, does not even make my radar, and would have to drop a hell of lot more, before I would be even remotely"anxious".     

Exflyboy

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Re: Race from $1M to $2M
« Reply #512 on: February 11, 2018, 11:50:52 AM »
@Holyoak Actually it almost WAS the end of the economy! I just hope we have learned something since then.. OK, of course we haven't, now we have VIX derivatives that have been bid up to insanely high levels and all have to come crashing down.

Thankfully this time it looks like these silly pieces of paper (laughingly called securities) have not been allowed to go on for too long before collapsing the the credit defaults did back in 2008.

Maybe thats why these corrections are considered healthy?

Its also interesting about emotional responses. The "loss aversion" where the bad feelings associated with a "loss" are far more powerful than then the happy feelings associated with the same sized "gain".

Like you I stuck with it during 2008, eventually went to a 100% stock (ETF) portfolio and near the bottom came up with cash I was finding under the cushions. Best thing I ever did. In fact most of my gains today are a result of that strategy.

Would I do that if the same thing happened today?.. Probably not as being RE'd now, one still has to eat..:).. And if you have already won the game there is no sense in betting the farm to get more.