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There are some older investors who don't have unlimited time to wait for the price recovery nor who are adding to equity positions any longer. They have to look at declines from a different perspective than those with decades of runway.
Those folks with a shortened time horizon need to keep enough money in savings type instruments and not put additional money they'll need for spending at risk. That might be something like 35% to 40% in equities and the rest in various bonds, T-bills, CDs or other.
Aligning to time horizon is one of the foundational pieces in determining allocations.
I know, right? I'm still waiting For CCL, Carnival Cruise Lines, tho. I have faith, man.
The Cruise line business and Carnival is booming. They are just having problems with supply of labor. I'm sure fuel / port charges are also at higher cost.
I've got 2 Holland America (CCL) trips booked over the next 2 years and they are all selling out. I'll bet we'll see the trip prices going up a fair amount over the next year.
Should have bought CCL when it hit $9 a share this last year.
Best part of todays move up was not having to hear on CNBC today or 5 pages on this thread on how “ all the technicals are breaking down” , blah , blah blah.
Know your time frame, your goals and if you’re not an emotional wreck put your equity money into VTI/SPY or if you want small cap exposure IWM.
Oscar Wilde: The basis of optimism is sheer terror! What are you taking to control your terror?
Terror? Of what? This is what markets do. Sometimes they go up, and sometimes they go down. If you train yourself to buy quality stocks during down markets, you’ll do well. Something about being “greedy when others are fearful”, right?
Think about it this way. If you owned a partial interest in a small business, say a pizza restaurant, a laundromat, a landscaping company, whatever. If this company you owned a part interest in where profitable with a solid balance sheet, would you sell now because you thought you might sell a few less pizzas or mow a few less lawns over the next year? Because that’s what stocks are, partial ownership interest in a company. The only difference between the ownership interest in a private company and a public company? The daily price quote. No other difference, but the daily price quote is what tricks many investors into selling quality assets out of fear, and at other times to over pay out of greed.
To directly answer your question, it’s called temperament. Ignore the daily price quote, and learn to control your fear and greed and you will do wonderfully owning quality stocks over the long term.
For those who have never read this, here is a link to Warren Buffett’s classic “Mr. Market” from Berkshire’s 1987 shareholder letter. Well worth reading!!
Last edited by treasurekidd; 10-07-2023 at 04:40 PM..
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I'm still waiting For CCL, Carnival Cruise Lines, tho. 
I have faith, man.
