Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
it is approaching serious money for those with a relatively high equity position and a meaningful amount invested . percentages don't tell the whole story .... a 25k to 50k move is a lot of freakin dough for many investors with substantial amounts invested even though percentage wise it is not a lot ...
On days like today, I just do what I can to avoid logging into any of our brokerage accounts. Like you said, it’s not a huge percentage, but the dollar amount is high enough where it’s a little tougher to just shrug off.
Quote:
Originally Posted by RationalExpectations
"...Oh, It's a Beautiful Day in the Neighborhood, a Beautiful Day in the Neighborhood..."
Whew! Nothing like that though, thanks for posting. That’s tough, but it must make +3% or +5% days feel really nice.
Not too bad, today.
Main trading acct was down 4.5%. At close 2.4 but I had help from selling calls and added stocks near market lows
Secondary (spouse's) acct did relatively well at 1.0%, added stocks.
vs SP500 3.55%.
Looking at my entire portfolio we were down .79% overall ...... that is just a normal day for someone in the s&p 500 but 100% equities.
It was tens of thousands of dollars but percentage wise really nothing
it is not a case of freakin out ...its just as the daily swings in dollars get larger and larger people to tend to pay closer attention then when the numbers are lower . like i say, a 7 percent move is now 10 years of 401k contributions at catch up ...
i spent my life as an an aggressive investor but those kinds of dollars can't help but raise an eyebrow . it does not mean you freak out but it certainly is more concerning late in the game.
many investors that accumulated a decent amount did it through saving the bits and pieces that we could earning middle class incomes . so the dollar connection is very strong and after a while you can't help but think in terms of how many years income is that move .
This is how we feel. We have made a substantial amount of $ in the market over the years. At 60, we have enough to live very comfortably the rest of our lives. As I've often said on this forum, everyone needs a plan and that plan is likely to be different, depending on factors such as risk aversion, age, asset level, etc. -there is no 'one size fits all'.
Media says the former. Business people say the latter.
We will see if it pick back up after South Carolina.
My guess is it's some of both. The media is not talking about a possible Sanders win, but the market is considering it. A Sander's win would be terrible for equity markets.
Looking at my entire portfolio we were down .79% overall ...... that is just a normal day for someone in the s&p 500 but 100% equities.
It was tens of thousands of dollars but percentage wise really nothing
I haven't looked at my tracking spreadsheet yet BUT just a back of the napkin calculation says I lost over $18,000 today... yikes! And that is with 16% in Intermediate Bonds!! Today was just ugly.
Today hurt. We finally hit the million dollar mark last week. We were so happy because we've been drawing down for 15 yrs. No contributions except dividends. We live off the RMD's so I do get nervous.
Today we were down $28,866, 2.87%
I see the futures are pointing up. Feel a little better I didn't sell anything. Been through this in the past and know things will calm down.
Sitting on a bunch of cash to shop but will wait to see what happens.
Good luck, everyone, hang in there!
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
