[Dillon]

Tomorrow is going to be a bad one for the S&P500. I’m trying to remember all of the FI posts from the last few months.

It’s a long game and the price of long term compounding growth is holding through media panic and market contractions.

In the next 1 / 5 / 10 years when you reach FI continuing to invest and ignore market crashes will pay off!

[J.C.]

I survived the 89 crash and did not sell.

I survived the dot com bubble and did not sell.

I survived the 9/11 attacks and did not sell.

I survived the financial crises of 08-09 and did not sell.

I survived the COVID 19 crash of Feb-March 2020 and did not sell.

And I survived the bear market of 2022 and did not sell.

But I DID continue to purchase through all those “the sky is falling” events while employed and earning income.

Retired in Jan 2008 and no longer contributed to portfolio, but started rebalancing anytime my AA drifted by 5 points or more, in either direction.

Started retirement with $1.51M, have spent $1.92M in our 16+ years of retirement and our portfolio at the end of July 2024 was north of $1.92M.

[Becky]

Good opportunity if u are sitting on cash.

[Vanessa]

“Be fearful when others are greedy and greedy when others are fearful.” Warren Buffett

[Darin]

The S&P 500 closed on Friday (5346) at the same level as it closed on June 7th, just 8 weeks ago.

On that same date, we were all cheering because 6 weeks prior, (April 19th) the S&P500 was at 4967.

If Friday and tomorrow is going to sting a little too much, you are WAY too close to the screen.

Zoom out, take a deep breath, and never forget this is a long game.

[John]

Hold your positions; don’t adjust to the shifting winds. Selling out of fear or reaction is the quickest way to lose money.

Pick a strategy, stand fast, and ride the ups & downs.

[Patrick]

I sold 100% of the investments in an IRA on Friday.

[Blu]

What is it we should buy. I’m a newbie and have just started reading the J.L.

Collins book.

I have $100,000 sitting in a HYSA.

I don’t need any of it for more at 10 years.

I’d just like to build up more money for retirement in 13 years.

I already have an IRA.

[Yisira]

And here I am I can’t figure out how to transfer money to our solo 401 with Schwab.

We just transferred our account with them and funding those accounts are not as easily compare to Vanguard

[Rashad]

Just buy as much as you can, when you can. Period. It shouldn’t matter if your favorite fund is $10/share or $1000/share.

Just buy it when you can.

When people say to load up because it’s on sale, that’s still trying to time the market.

The viewpoint should simply be that you will buy when you have the money to buy.

If it goes from $100 to $50 and you decide only then to buy, you will be upset if it hits $25 and you bought at $50.

Just buy when you can and in 25 years, your shares will more than likely be worth far more than you paid for it today, regardless how high (or low) it was.

[Kylie]

Would you please fill me in on why it’s going to be a bad day? I’ve never been keeping up.

But my first reaction is “fire sale, where’s our cash to throw at it while rates are low!”

[Steve]

Enjoy the ride…….and buy more when CNBC starts having “Markets in Crisis” specials during prime time.

I’m buying the dip tomorrow as I did the past few days.

In 5 years time or less, I will be a happy camper.

[Sam]

Good way to start the day…”IF you don’t need the funds in 5 years, don’t worry.”

It’s tough to lose half of the paper gains in 3 weeks….(started investing in 1985 with the rowe price funds and saw alot in 40 years, but these declines never get easy.

If I were to point at 1 thing, this all started with free money sent to nearly every American a few years ago.)

[Gwen]

Oh yes, panic is in the air. We have been through this before ( older gal here) and came through all of it way ahead at the end

[Andrea]

I just started investing in June and lump sum’d. Yayyy….
Most of it is in a pharmaceutical mutual fund though because I figured we were “at the top” and due for a correction.

The beta value is less than 1.

But I did diversify and put money in semiconductors and tech.

[Kyra]

What constitutes a bad one? S&P started off at $4,742 at the beginning of the year. It’s currently trading at $5,346.

$604 gain per share just this year.

Now if you bought it today for the first time,, and it dropped that would be, a drop.

But if you DCA month after month, you may not even notice 1% drop.

[Author]

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