It's gonna be a hell of a day.
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"Oh no! The assets I don't plan on touching for 20-30 years are worth 2% less than they were yesterday. The sky is falling!"
@George-K said in It's gonna be a hell of a day.:
"Oh no! The assets I don't plan on touching for 20-30 years are worth 2% less than they were yesterday. The sky is falling!"
Yeah, but what if this continues? What about us guys with a five year horizon?
During Obama, I took a 30-something percent haircut. Took 38 months to get that back.
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I’m on summer vacation (shocker, at a lake) so I haven’t really been tracking the news. Probably shouldn't check my accounts.
Oops, just did. Woof. As long as they keep going up over the long term… if we get really into deep territory I might even shift some accounts into aggressive mode to ride the eventual rebound that much faster.
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For those with a 5 year horizon, I would hope they aren’t riding with an index fund or similarly volatile portfolio and have shifted into less risky holdings especially after the recent frothy bubble up in values.
@89th said in It's gonna be a hell of a day.:
For those with a 5 year horizon, I would hope they aren’t riding with an index fund or similarly volatile portfolio and have shifted into less risky holdings especially after the recent frothy bubble up in values.
Agree. Definitely should be agressive if long term view. As your long view gets shorter, become less aggressive.
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@George-K said in It's gonna be a hell of a day.:
"Oh no! The assets I don't plan on touching for 20-30 years are worth 2% less than they were yesterday. The sky is falling!"
Yeah, but what if this continues? What about us guys with a five year horizon?
During Obama, I took a 30-something percent haircut. Took 38 months to get that back.
@Jolly said in It's gonna be a hell of a day.:
@George-K said in It's gonna be a hell of a day.:
"Oh no! The assets I don't plan on touching for 20-30 years are worth 2% less than they were yesterday. The sky is falling!"
Yeah, but what if this continues? What about us guys with a five year horizon?
During Obama, I took a 30-something percent haircut. Took 38 months to get that back.
After Jan 2009?
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"Oh no! The assets I don't plan on touching for 20-30 years are worth 2% less than they were yesterday. The sky is falling!"
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@Jolly said in It's gonna be a hell of a day.:
@George-K said in It's gonna be a hell of a day.:
"Oh no! The assets I don't plan on touching for 20-30 years are worth 2% less than they were yesterday. The sky is falling!"
Yeah, but what if this continues? What about us guys with a five year horizon?
During Obama, I took a 30-something percent haircut. Took 38 months to get that back.
After Jan 2009?
@xenon said in It's gonna be a hell of a day.:
@Jolly said in It's gonna be a hell of a day.:
@George-K said in It's gonna be a hell of a day.:
"Oh no! The assets I don't plan on touching for 20-30 years are worth 2% less than they were yesterday. The sky is falling!"
Yeah, but what if this continues? What about us guys with a five year horizon?
During Obama, I took a 30-something percent haircut. Took 38 months to get that back.
After Jan 2009?
I think a lot was during President Bush turn. I believe that high Dow Jones during president Bush was 21000 in Sept 2007, and when President Obama took office, it was ~12000, but did do a significant drop to ~10500 in March 2009. Back up to 12000 a couple of months later, and back up to 21000 in Nov 2013
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@Mik said in It's gonna be a hell of a day.:
We've already gotten back more than half of yesterday.
In 1929, the market recovered much of the fall - only to fall again. I've sat on some cash because the market seemed high. I suspect Buffet is following my strategy and is waiting for me to make a move.
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@Mik said in It's gonna be a hell of a day.:
We've already gotten back more than half of yesterday.
In 1929, the market recovered much of the fall - only to fall again. I've sat on some cash because the market seemed high. I suspect Buffet is following my strategy and is waiting for me to make a move.
@kluurs said in It's gonna be a hell of a day.:
@Mik said in It's gonna be a hell of a day.:
We've already gotten back more than half of yesterday.
In 1929, the market recovered much of the fall - only to fall again. I've sat on some cash because the market seemed high. I suspect Buffet is following my strategy and is waiting for me to make a move.
You know a guy who owns a buffet? How cool is that!
