Investing General Discussion

Gravel said:

The other day when the market broke even on the year, I asked my wife if we needed more money yet. She said we still had a month or two. I considered liquidating some, but boy am I glad I waited (not that 2-3% is a huge difference).

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M Power said:

Market went down because of stupid Trump speech, then went back up later today due to Oman having Iran come to the table about a deal on the Strait.
Like I said, Iran is going to back down on the Strait. There is too much heat globally for them to actually lock it down forever. Ships have been getting through fine for the last few weeks it's just very few at a time.

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M Power said:

It's all relative. 3% of $1,000,000 is quite a bit of money.

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Gravel said:

Right, but I don't liquidate my entire portfolio when we need cash to live off. I do like $5-10k at a time. So it's an extra couple hundred dollars. Not nothing, but over the long term also insignificant.

It's why I always say, even after you retire you still need to stay in equities. If you've got 30 years, do you care what the market is at today? No, it's what it looks like in 10, 20, or 30 years. And if you expect it to keep going up, don't worry about the small bumps along the way.

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