As a fairly new Mustachian, and recently buying into simple investing etc and not trying to time the market, I have to admit I am disappointed I went along with it as I have done. I threw in the rest of my investment money in late Jan which seems like it will be the peak for some time now, and have basically been frustrated since. I know a couple of months is no time for many of you, but I would have preferred to have kept more cash on hand to play the volatility, as a couple of friends I have have done. One just made an easy $20k flipping SQ. I have read Bogleheads, I have read A Simple Path to Wealth, and I am reading the Millionaire next door. But as far as I am concerned, I am off to a horrible start. And I do not think things will end well in 2018, and have all this money invested in the hopes it is the right thing to do.
Now someone will gleefully post 'top is in' as a response to this, and maybe I deserve it. But I feel pretty disappointed and even a little angry about this. Ultimately its my own fault, I make my own decisions. I hope I am proven wrong.
@KTG, my new friend, welcome!
Trader timeline is minutes to months; investor timeline, years to decades. So yeah, the emotional roller coaster of listening to your old friends brag about their 20k volatility wins is the hardest part. You gotta remember there's a little selection bias, though. The friends who lost 20k are usually quieter than the ones who won. Meanwhile every trade cost money, yadda yadda.
I hope I'm not distracting too much from the jokes that drive this thread to ever higher highs. If you're investing new money from earnings every month, and the market would just stay low for a while, you could buy some more at cheaper prices. Good luck.
Back to our regularly scheduled thread: Obviously, the top really is in. Now and forever. Forever ever. Thorstach will verify this shortly.
Clearly KTG is a relatively new investor and deserves an experienced Mustacian hand on the shoulder. I do sympathise as I remember the gut churning feeling right after I did exactly the same thing not so many years ago.
I am also one of those who can laugh at the fact that I must be what.. 2 full Teslas down from the peak of Jan, but thats easy for me to say with millions of bux sitting in my accounts.. and the same goes true for a lot of the people on this thread.
Basically this comes down to ones perspective of timelines as Bicycle B pointed out. In fact I would point out that the worst pullback in our lifetime has been the 2008 recession. A truely awful event where the economy was on the brink of collapse!
During that event we had a 55% pullback in the S&P and the economy had significant GDP contraction. But guess what? despite how bad that time was, if you had put your money in at the very peak.. You would be making money again 4.5 years later.
4.5 YEARS! you ask?.... yes but... We are in a very different place today. the economy is expanding, unemployment is at record lows which is a very different place to the peak of 2007.
Lets say though, that heck maybe we will have a similar pullback.. well you are going to be putting money into the market EVERY month, which means you are going to be buying stock cheaper, cheap and cheaper.. until the market turns around.. what happens then?
Those contributions thrown into what looked like a bottomless pit of doom will suddenly start showing significant returns.
I know it feels bad now, so turn off the news, automate your contributions and have a look at the end of the yeah.. Chances are you will be making money.
Topic: Top is in (Read 3389261 times)