Author Topic: The Stockmarket Rollercoaster Continues  (Read 2838 times)

Stasher

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The Stockmarket Rollercoaster Continues
« on: January 25, 2016, 10:49:03 AM »
The last week sure shows why watching day to day numbers of the TSX and DOW is not good for you or even worthwhile to your long range goals. I knew a drop was coming again today (Monday) after Fridays big gain, so many out there short selling and looking for quick returns. If you had enough in Thursday and sold today you would have seen some nice cash in your pocket. It's this volatility that scares away so many investors and heck even some new to the MMM scene. It is also what bothers me about world markets, how much smoke and mirrors and speculative trading that the media spins to make us think that economies are crumbling or its all doom and gloom. Scary news sells and boring everything will be ok doesn't get that many likes.

Heckler

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Jon_Snow

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Re: The Stockmarket Rollercoaster Continues
« Reply #2 on: January 25, 2016, 11:01:47 AM »
I've become pretty good at tuning out MOST of the noise.

Not to say that I'm not somewhat irritated by recent market performance. Having cash on hand and being able to add at these levels helps keep my crankiness somewhat in check. And yeah, bad news is so much sexier and click-worthy than good news.

I think much of my ability to cope with a market like this is the fact that I was able to drop a considerable lump sum into the markets in 2009. That was SCARY. I didn't time the bottom perfectly, but I still got money in late in that year and caught an incredible ride up. I am currently FIRE'd largely in part of my belief that LONG TERM, the markets WILL RISE. Every time I purchase an investment today it is with this very thought in mind.

Stasher, we'll be alright. :)

Retire-Canada

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Re: The Stockmarket Rollercoaster Continues
« Reply #3 on: January 25, 2016, 11:03:47 AM »
I try and only look at my portfolio when I am about to add money. If I could just add without looking at my numbers to rebalance [at no extra cost] I would do that and only look at my portfolio once a year to see my year to year trends.

Just looking at the numbers for monthly additions is more frequent updates than I'd like.

Heckler

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Re: The Stockmarket Rollercoaster Continues
« Reply #4 on: January 25, 2016, 11:04:31 AM »
Funny, measured in $Cad, my 2014 CCP allocation has been fluctuation +/- 2% at the most.  Where is this roller coaster you speak of?


Disclaimer - I look every day, several times.  I havent sold a thing though.
« Last Edit: January 25, 2016, 11:06:17 AM by Heckler »

Stasher

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Re: The Stockmarket Rollercoaster Continues
« Reply #5 on: January 25, 2016, 11:19:35 AM »
http://canadiancouchpotato.com/2016/01/25/why-simple-is-still-a-hard-sell/


Need to stop looking.

Oh I'm not worried at all, it was more a commentary.
I read the finance page for the news articles for the line of work and industry I'm in.
I also go to Yahoo.ca as my news source, no cable tv :) The stock performance is right in your face and it's hard not to watch.

powersuitrecall

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Re: The Stockmarket Rollercoaster Continues
« Reply #6 on: January 25, 2016, 12:03:51 PM »
Considering where we are in our path to FIRE (~4 years away), I really am excited by this downturn. 

Although we managed to make it through 2008/9 without selling, this has been the first real dip that we've been able to invest constantly throughout.  I suspect that in 4 years we'll be happy we did.

Retire-Canada

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Re: The Stockmarket Rollercoaster Continues
« Reply #7 on: January 25, 2016, 04:29:07 PM »
Considering where we are in our path to FIRE (~4 years away), I really am excited by this downturn. 

Although we managed to make it through 2008/9 without selling, this has been the first real dip that we've been able to invest constantly throughout.  I suspect that in 4 years we'll be happy we did.

I'm more or less in the same boat. I'm hoping that plugging away through this year will pay off with a boost towards my FIRE target.