Author Topic: What are your correction "losses"  (Read 13040 times)

Valvore

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What are your correction "losses"
« on: February 27, 2020, 04:02:44 PM »
This is my first true correction (I thought Dec 2018 was pretty minor). It's also the most my accounts have ever fluctuated in such a short time. Help me laugh it off by posting yours correction "losses"


7 day "loss" -6.45% ($12,000) from a high on 2/20

BECABECA

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Re: What are your correction "losses"
« Reply #1 on: February 27, 2020, 04:26:34 PM »
Iíve lost $134,782 since 2/20, although itíll be more when todayís losses get reflected in my brokerage account. The good news is that by the time you get this much in index funds to result in that big of a drop in a few days, youíre pretty used to the bumpiness of the ride.

Gone Fishing

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Re: What are your correction "losses"
« Reply #2 on: February 27, 2020, 04:28:31 PM »
Two Teslas...

leighb

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Re: What are your correction "losses"
« Reply #3 on: February 27, 2020, 04:31:47 PM »
I'm down about 5% if I just look at stocks/bonds. 2% if I look at everything.

brooklynmoney

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Re: What are your correction "losses"
« Reply #4 on: February 27, 2020, 04:31:58 PM »
My annual salary

londonbanker

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Re: What are your correction "losses"
« Reply #5 on: February 27, 2020, 04:41:38 PM »
Down roughly $150k - on paper.
Nice opportunity for the market to take a breath - hopefully another 10% comes off so that we can grow back on a sound base (and I can invest my remaining liquidity)

geekette

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Re: What are your correction "losses"
« Reply #6 on: February 27, 2020, 04:52:11 PM »
About 4 years of spending money.

Alternatepriorities

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Re: What are your correction "losses"
« Reply #7 on: February 27, 2020, 05:01:20 PM »
Last year my investments returned more money than I earned. So far this year they've lost more than I'll spend... Fortunately I earn more than I spend.

Brother Esau

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Re: What are your correction "losses"
« Reply #8 on: February 27, 2020, 05:05:21 PM »
Down $90k, a mere blip on the radar

Freedomin5

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Re: What are your correction "losses"
« Reply #9 on: February 27, 2020, 05:07:39 PM »
We are down about half a yearís living expenses.

Fire and forget

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Re: What are your correction "losses"
« Reply #10 on: February 27, 2020, 05:11:56 PM »
Half of my apartment.

EliteZags

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Re: What are your correction "losses"
« Reply #11 on: February 27, 2020, 05:12:40 PM »
zero, cause I haven't sold anything


but yea ok down about a Mercedes

Nangirl17

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Re: What are your correction "losses"
« Reply #12 on: February 27, 2020, 05:25:59 PM »
zero, cause I haven't sold anything


but yea ok down about a Mercedes

Love it!

We're roughly down almost a year's expenses.

hadabeardonce

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Re: What are your correction "losses"
« Reply #13 on: February 27, 2020, 05:27:55 PM »
Haven't lost any shares and we're still accumulating more at lower prices. The value of those shares is down nearly ($40,000) though.

My accounts are 90:10 and my wife's are 80:20 stock:bond allocation. I'm keeping an eye on rebalancing, but not deviating from our planned allocation or contributions - I did make a larger Roth ira contribution two days ago that settled yesterday though.

American GenX

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Re: What are your correction "losses"
« Reply #14 on: February 27, 2020, 05:35:19 PM »
80 GRAND - and that's with a very conservative AA!

aboatguy

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Re: What are your correction "losses"
« Reply #15 on: February 27, 2020, 05:50:31 PM »
not as bad as I believe they will be this time next week or even tomorrow when our TSP losses  post.  (Good news is my retirement posted last night so after paying the bills I was able to throw another grand into the market .  I believe waiting would probably get me a better price but that would be market timing .   We invest our cash when its available and who knows it may be up tomorrow.


But to answer your question down about 30k today and probably another 20k from the TSP tomorrow
« Last Edit: February 27, 2020, 05:53:39 PM by aboatguy »

mjr

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Re: What are your correction "losses"
« Reply #16 on: February 27, 2020, 06:10:53 PM »
$250,000

ixtap

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Re: What are your correction "losses"
« Reply #17 on: February 27, 2020, 06:12:32 PM »
About half of this year's savings goal.

Or, if RSU's are going to suck this year, I guess ~3/4's of this year's savings goal.

All bets are off if there are layoffs.

atribecalledquest

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Re: What are your correction "losses"
« Reply #18 on: February 27, 2020, 06:48:25 PM »
Too much to look.

ownmytime

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Re: What are your correction "losses"
« Reply #19 on: February 27, 2020, 06:49:56 PM »
Down 55,000.

trygeek

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Re: What are your correction "losses"
« Reply #20 on: February 27, 2020, 07:44:12 PM »
A couple years of Tuition at the college of your choice.

celerystalks

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Re: What are your correction "losses"
« Reply #21 on: February 27, 2020, 07:52:03 PM »
Lost a comma.

Joe Schmo

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Re: What are your correction "losses"
« Reply #22 on: February 27, 2020, 07:57:42 PM »
I didnít know we were supposed to calculate...

ChpBstrd

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Re: What are your correction "losses"
« Reply #23 on: February 27, 2020, 08:24:21 PM »
Actually, not as much as I would have thought. Even double checked my financial aggregator.  -4.65%. I'm back to where I was in mid-December, which is not tragic at all.

I put our 401k's in mostly conservative allocations, have much of my brokerage account exposure hedged, and sold about $16k worth of VGT and $30k of QQQ two weeks ago. But I had not yet sold some puts that were hedging my QQQ so I had a tiny amount of reverse gearing on the dip :))))). I had also sold a put on TLT two weeks ago and enjoyed a small but rapid gain.

The bond tent works.

marty998

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Re: What are your correction "losses"
« Reply #24 on: February 28, 2020, 12:53:04 AM »
Nothing.

I sold up the equities portfolio on 30 January and bought a property.

Accidental market timing for the win. Yeah baby ;)

(Had I held, I'd be down $36,000 or so)

stylesjl

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Re: What are your correction "losses"
« Reply #25 on: February 28, 2020, 02:48:42 AM »
Zero since I didn't sell. But this week I went from $4000 above my purchasing price to -$2300. Still not selling, in fact I might even start shovelling a bit more in. Overall had $60,000 in the market.

coynemoney

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Re: What are your correction "losses"
« Reply #26 on: February 28, 2020, 06:40:50 AM »
I'm down about $14K this month. This is my first noticeable loss and I have a weird mixture of being bummed about my recent contributions just disappearing and glee at the fact my portfolio is large enough to see real affects from the market.

Dicey

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Re: What are your correction "losses"
« Reply #27 on: February 28, 2020, 07:03:39 AM »
Not even gonna look. Luckily, because we were busy doing other things, we hadn't funded our 2019 Roths yet. We'll be doing that, plus filling the 2020 Roths in the next couple of days. That's a drop in the bucket, but a nice consolation. We are very cash heavy right now, so we are looking at dumping some of it into the market

YoungGranny

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Re: What are your correction "losses"
« Reply #28 on: February 28, 2020, 07:10:37 AM »
Net worth is down about $82k from where I was a week or so ago on paper. Technically haven't lost anything since I'm not selling anytime soon.

AM43

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Re: What are your correction "losses"
« Reply #29 on: February 28, 2020, 07:15:33 AM »
Did not look and not going to look, but I am pretty sure losses(on paper) are in six figures.
Sticking to my plan and contributing more to my accounts on weekly and monthly basis just like I did back in 2008.

frugalnacho

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Re: What are your correction "losses"
« Reply #30 on: February 28, 2020, 07:33:17 AM »
Not sure.  I update my networth on the 1st of every month, so I didn't even realize I had a bunch of gains between Feb 1 and 20 - so those gains won't be missed since I didn't even know what they were.  With everyone freaking out, and all the crazy headlines about the market dropping 10%+ in only a few days I logged in last night to check my balance, but I'm only down roughly 3.5% (~$23k) from 2/1 so meh. 

JAYSLOL

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Re: What are your correction "losses"
« Reply #31 on: February 28, 2020, 07:34:42 AM »
A very nice used car.  ~$6100 as of last night, looks like Iíll add another couple $k to that by the end of today. 

charis

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Re: What are your correction "losses"
« Reply #32 on: February 28, 2020, 08:07:52 AM »
$27K, on paper, in the last week.

GuitarStv

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Re: What are your correction "losses"
« Reply #33 on: February 28, 2020, 08:43:54 AM »
0$


You don't lose anything unless you sell.

Beridian

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Re: What are your correction "losses"
« Reply #34 on: February 28, 2020, 08:44:21 AM »
I am down $80,000 from my account high last month.  Ouch.   

renata ricotta

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Re: What are your correction "losses"
« Reply #35 on: February 28, 2020, 08:46:50 AM »
Around $60k or so. My mint app has a little alert saying ďyour net worth is now $X. Seem off to you? Make sure all of your accounts are syncing.Ē

therethere

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Re: What are your correction "losses"
« Reply #36 on: February 28, 2020, 09:13:23 AM »
Yesterday I was down 70k from 2/1. I know it's all monopoly money that I made in the runup from Dec-Jan. But still. It's about double that if you went from the high on 2/20.

Add in today's losses? I'm now down ~98k from 2/1 maybe even more. I'll find out tomorrow at my monthly NW check-in. I thought I could handle a correction but 6 days in a row is too much. I think I'm going to have to stop watching now. I've dumped 10k into VTSAX during this dropoff and it just keeps losing more and more. Also, real cool that our annual 401k match was deposited on Monday and I've been frontloading our 401k's..... Last years huge gains gave me false hopes of quitting and take a year off this year. Guess not now.

MichaelB

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Re: What are your correction "losses"
« Reply #37 on: February 28, 2020, 09:22:57 AM »
Over the past week I'm down $15k as of market close yesterday. Probably will be closer to $18k assuming today's losses hold.

American GenX

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Re: What are your correction "losses"
« Reply #38 on: February 28, 2020, 09:26:07 AM »
I've lost 4 to 5 years of bare bones retirement expenses in equity since the closing high on Feb 19th.

It's a loss in my equity - doesn't matter whether I've sold anything.

I fully expect the market to drop further from here.

SubL stache

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Re: What are your correction "losses"
« Reply #39 on: February 28, 2020, 09:43:06 AM »
I'm down about $45,000.  Pushed me back under 500k Net Worth when I thought I had cleared that hurdle for good.

I do have about $195,000 in cash...I got lucky and a 401k rollover processed the day before this drop, so 25k was credited to my IRA this morning in the settlement fund and now it can buy VTSAX at ~14% cheaper.  I moved 5k over, probably will move another 5k next week until its gone.

The other $170,000 has been sitting in Ally at 1.6% waiting to be deployed as a downpayment to replace the home we sold 6 months ago...but now I'm starting to think about whether I should rent longer and move this money into equities if the discount becomes large enough...

dougules

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Re: What are your correction "losses"
« Reply #40 on: February 28, 2020, 09:58:23 AM »
Is anybody else proud of the fact they don't know and haven't looked?

GuitarStv

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Re: What are your correction "losses"
« Reply #41 on: February 28, 2020, 10:01:50 AM »
Is anybody else proud of the fact they don't know and haven't looked?

*hi-5*

MustacheAndaHalf

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Re: What are your correction "losses"
« Reply #42 on: February 28, 2020, 10:12:09 AM »
Given another day of -3% so far, some people might have updates.

Overall this week losses have been about -15% for the entire US market (and maybe -10% for international?).

v8rx7guy

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Re: What are your correction "losses"
« Reply #43 on: February 28, 2020, 10:15:29 AM »
$15K in paper losses so far.

Alternatepriorities

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Re: What are your correction "losses"
« Reply #44 on: February 28, 2020, 10:21:16 AM »
Is anybody else proud of the fact they don't know and haven't looked?

*hi-5*

I havenít actually checked the numbers, but my brain is such that I ďthe market is down x%Ē and immediately estimate X% * Stash and the think ďoh wow thatís probably more than we will spend this yearĒ. DW is considerably better at not noticing at all. If it doesnít change our strategy (it hasnít) she doesnít care at all. I might wake her to discuss more aggressive (than 50%) savings/investing if the market keeps this up for another couple weeks.

ctuser1

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Re: What are your correction "losses"
« Reply #45 on: February 28, 2020, 10:21:32 AM »
This thread made me look - just for shi*tz and giggles. I have accounts spread over 3 brokerages, 9 separate logins - to gather everything!!

I have $130k in paper losses so far.

Of course the first thing I did after doing that calculation was to txt that to my wife "hey, you lost half a house in two days" - since I know this freaks her out :-D

My daughter's UTMA account has $50 losses so far. If it persists till the next statement is printed, then it will be the first time she will see a loss in her statement since I had her invest in VT/VOO in Jan 2019. I'm hoping this will be an educational opportunity.

KathrinS

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Re: What are your correction "losses"
« Reply #46 on: February 28, 2020, 10:22:26 AM »
Is anybody else proud of the fact they don't know and haven't looked?

*hi-5*

I last looked two days ago, but by now it'll probably have declined a lot more. I won't look, but am excited to buy more funds tomorrow.

frugalnacho

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Re: What are your correction "losses"
« Reply #47 on: February 28, 2020, 10:26:14 AM »
This thread made me look - just for shi*tz and giggles. I have accounts spread over 3 brokerages, 9 separate logins - to gather everything!!

I have $130k in paper losses so far.

Of course the first thing I did after doing that calculation was to txt that to my wife "hey, you lost half a house in two days" - since I know this freaks her out :-D

My daughter's UTMA account has $50 losses so far. If it persists till the next statement is printed, then it will be the first time she will see a loss in her statement since I had her invest in VT/VOO in Jan 2019. I'm hoping this will be an educational opportunity.

I said almost the same thing expecting to get a rise out of my wife and she just responded "so? Markets go up and down, and we knew that going in.  We're in it for the long haul, so stop looking at the balances because it doesn't matter"

Which is exactly what I've been trying to drill into her head since we started this journey like 6 years ago.  She has internalized it more than I thought she would, so both of us are completely zen about it.

GGNoob

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Re: What are your correction "losses"
« Reply #48 on: February 28, 2020, 10:28:40 AM »
About $40,000. I'm back to where I was in January.

Parentheses

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Re: What are your correction "losses"
« Reply #49 on: February 28, 2020, 10:30:42 AM »
I havenít calculated. Iím trying hard to see this as a great buying opportunity as I still have a lot of cash on hand to unload in investments, just trying to decide when to pull the trigger.

Unfortunately my husband and I both put significant amounts into vanguard funds and fully funded both IRAs just a week before this happened. Very unfortunate timing.