Author Topic: A well written plan to help detach onself from stock market gyrations  (Read 2519 times)

COguy

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This may seem obvious to most of the regular posters on the investing forums here.  But, for those having trouble detaching themselves from the price changes in their stocks, I think this sums up a solution quite well:

http://www.joshuakennon.com/how-to-remain-detached-from-the-stock-market-and-treat-your-investments-like-private-businesses/

arebelspy

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Re: A well written plan to help detach onself from stock market gyrations
« Reply #1 on: October 30, 2012, 09:52:04 PM »
Great article, thanks for sharing.

One aside: its a lot easier to go "yay, stocks are down, I'm buying them cheap" when you're in the accumulation phase.
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tooqk4u22

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Re: A well written plan to help detach onself from stock market gyrations
« Reply #2 on: October 31, 2012, 08:27:50 AM »
One aside: its a lot easier to go "yay, stocks are down, I'm buying them cheap" when you're in the accumulation phase.

Good article - but I agree with Arebelspy.  I am still in accumulation mode and fluctuations don't bother me much and with a bit of reallocation/timing may be beneficial. 

But if I was FIRE then I worry how I would handle it (psychologically speaking) say if I have a $1,000,000 nest egg and live off of $40k - 4% SWR and then we get a 15% market drop (not crazy, not unrealistic) and now I have $850,000 and either have to live on $34k or deplete more principal. I don't know if I will be stressed or not....my personality type leads me to beleive I would be stressed on one hand but confident that it will work out on the other due to market recovery, side work, going back to work, etc.