self employed, max out Roth IRA every year. finally doing things. correctly and saving…have 60/40 domestic/international stock portfolio. tracks pretty closely s&p 500…bought shares when it was right neat 7k.
i will hold, but man is it rough when the first thing you do immediatly flips on its head. the desire to sell and hold on for the floor is overwhelming, but I'm going to hold. maybe I'll just delete my investing app and not look at it
I have the worst timing, maybe it will get better
byu/Beautiful_Gas_1214 ininvesting
Posted by Beautiful_Gas_1214
11 Comments
You have to try and not be emotional about investments. It’s very easy to let fear and greed dictate your actions, but just try and forget about it. Statistically, it will go back up, and rise at some point. Trust the maths and statistics, do not trust our impulse cave man hunter gather brains!
Best time to start investing is when there’s volatility, declines, fearful headlines, etc. You will quickly learn your risk tolerance, reality of things, and make mistakes with a relatively small amount of money.
Don’t think short term. Think long term. Open chart and look at 5 year or longer returns
Did you also decide to finally get some BTC exposure when it was $115k?
Because if you want to compare notes…
FWIW, my favorite month for rebalancing / taking stock is July, when the market is usually quieter. Who knows what this July will look like?!
time in the market > timing the market
if possible try to keep buying in regular intervals to average down your original purchase price
Have you met Bob
[https://prosperion.us/commentary/meet-bob-worlds-worst-market-timer/](https://prosperion.us/commentary/meet-bob-worlds-worst-market-timer/)
Edit: new site adblocker safe
If you’ve missed making moves early on (buy or sell), it’s going to be hard to make decisions now, because everything looks like it can either go up or drop further.
Same
If you’re going to do passive investing then timing isnt supposed to matter. I feel like the key to passive investing is to be as oblivious as possible.
I didn’t even know we were down 6% until I looked today. Apparently VOO took a 17% dive last year, didn’t know that until today either.
I’m purely bogle-style weighted ~60/30/10 domestic/intl/emrg with tax-loss harvesting and I’m up like 18.5% on the last 12 months so, /shrug. Just don’t look at it. Shovel money in to the locomotive and let it do its thing, then pull it out decades from now.
A Fidelity study of their top performing brokerage accounts showed the best performers were either dead people or those who lost their password.