Good luck,
@use2betrix! Also -
@Bumperpuff, great description, I agree. Conceptually, at least - my implementation is a bit lax, as shown below. ;)
As a person in thin-ish FIRE, this is sort of exciting. I was FIREd through a couple of dips before, but wasn't paying any attention due to personal matters. I literally didn't notice the 2016 dip at all, for example.
I will acknowledge that it reassures me personally that my asset allocation has surprisingly little in stock, because about half my AA is just real estate equity (most of it used as rental property). So of 50% in financial assets, 70% is stock, or 35% of portfolio. Of that 35, maybe 25 is US stock. An S&P bear of 20% therefore means my wealth drops about 5%.
The above paragraph is about how I actually think of things - I multiply that 5% by the previous grand total, say "Oh, I'm down $20,000 since the last calculation, I must be around $480k now." I almost never actually check, but the accounts are usually within a few thousand dollars when I do.
Taking laziness to the extreme, that's my strategy!
Fwiw though, we're entering a fantastic time for US investors, I think. Jobs are plentiful and investment prices are falling. It should be a fine time for accumulating.
For personal reasons, I periodically think about returning to work. Maybe 2019 is the time...