Comments on: How’s everyone’s Net Worths going?!

By: J. Money

J. Money — Fri, 06 Mar 2020 19:59:19 +0000

In reply to steveark. More like electrons these days ;)

By: J. Money

J. Money — Fri, 06 Mar 2020 19:58:29 +0000

In reply to JoeTaxpayer. Yup, and if your stomach can't handle the turmoil then it's perfectly fine to invest *elsewhere* too! Either temporarily or long term depending on how easy it is for you to sleep at night...

By: J. Money

J. Money — Fri, 06 Mar 2020 19:57:20 +0000

In reply to Shawna. I hear ya on the phase out thing! Messed that one up a couple years ago myself maxing it out too early and was quite the pain to fix.... Though a good problem to have, of course.

By: J. Money

J. Money — Fri, 06 Mar 2020 19:53:43 +0000

In reply to Revanche @ A Gai Shan Life.

Good for you!!

And you’re totally right on the “panic” strategy, lol…

The media is having a field day with all this right now…

By: J. Money

J. Money — Fri, 06 Mar 2020 19:50:37 +0000

In reply to Josh.

Haha…. love it.

And thanks for reading for so long! Like 1/4th of your life by now! :)

By: steveark

steveark — Wed, 04 Mar 2020 22:41:53 +0000

So I lost a couple of hundred thousand over nine days, big deal. As my fellow Arkansan Sam Walton once said, its paper anyway. Of course Sam had more paper than I do!

By: JoeTaxpayer

JoeTaxpayer — Wed, 04 Mar 2020 20:47:23 +0000

What occurred to me was that the market has been rising for most of the time since the March ’09 bottom. And that those who entered the market since, have only seen the market go up. (Not true, 2018 S&P was down 4.41%, but that’s nothing after a 22% up year.

Hopefully, it won’t scare them out of the market long term.

My end of Feb spreadsheet shows down 7% YTD, which includes the 2 month’s spending. FIRE or any flavor of R, had better include the right mix to get you through the ups and downs.
We are in interesting times right now.

By: Shawna

Shawna — Wed, 04 Mar 2020 18:04:49 +0000

I too was surprised with how much my accounts went down, it wasn’t nearly as bad as I thought!

I selfishly didn’t mind the market drop as it coincided with the week I deposited $6k into my Roth IRA for 2019 after finishing my taxes (I’m always a year behind in contributions because I’m nearing/in that phase out AGI range so I don’t want to risk anything. I need to figure out a backdoor IRA but it makes my head hurt so this is my compromise for now until I fully phase out haha) so I was able to buy things on sale! Woo woo!

But then again, I’m 30 and have many years ahead of me.

By: Revanche @ A Gai Shan Life

Revanche @ A Gai Shan Life — Wed, 04 Mar 2020 17:25:11 +0000

I keep seeing “should you panic / is it time to panic” type of headlines and I’m puzzled because is it ever time to panic? No, panic never helped anyone!

I have put myself on a weekly investing schedule this year since last year’s experiment with lump sum investing told me that I decided that I’m terrible at it, and I’m sticking to it! Whatever the market does.

By: Josh

Josh — Wed, 04 Mar 2020 17:20:09 +0000

In reply to J. Money. It was somewhat happenstance how it occurred that way. I had started doing my NW updates back in 2013 after reading your blog for a little while. The very first one I did was on May 18th of that year. I got a pretty substantial backpay check a few days afterwards, and did my NW update again. That was on the 23rd of the month. I decided to keep going with it then, since that's my birthday in Dec. :D