Investing General Discussion

Gravel

Gravel

Mr. Poopybutthole
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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

M Power

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

Sheriff Cad

scientia potentia est
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And we're up 1.4% today as of right now too, all time highs by a good margin.

I mean personally its great for me like I'm sure it is for a lot of you, but I don't understand it.
 
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M Power

M Power

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Gravel

Gravel

Mr. Poopybutthole
46,969
169,811
M Power said:
It's all relative. 3% of $1,000,000 is quite a bit of money.
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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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M Power

M Power

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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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I agree as long as your equities are well diversified and not heavily aggressive.
 
Cad

Sheriff Cad

scientia potentia est
<Nazi Janitors>
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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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People selling into bonds at 49 or whatever are insane. I'm staying 100% equities, and planning to just live off the gains (a portion of the gains most likely) and just eating the bad years in order to enjoy the good years. My wife is cheap, if there's a sustained downturn we can turtle up and be fine.
 
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