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I just looked at my investments for the last month. It’s not a pretty picture and I have a big chunk in bonds and cash.
Have we entered a period of concern? Are assumptions under stress? Do we do anything or nothing? Should short-term spending be adjusted?
For those who are relying on investments in retirement what are your thoughts – just an anticipated blip or something more?
Hindsight is 20/20 Graph.
Is it bad manners to comment on an older post?
Apparently it’s not bad manners.
Same theme.
Something I sent my brothers at the onset of the covid scare. Chicken Little may be right someday, but based on the past it’s reasonable to be an optimist. 🙂
Not the End of the World Graph
The point being?
My understanding of the post was the concern about the 6% or so drop from late Oct. to late Nov. One month later we see the market has recovered. Nothing amazing, just an example of don’t worry, be happy. Merry Christmas!
After 54 years in financial services, over 30 years as a CFP/ChFC/CLU (and quite a number of additional professional designations,) and 15 years as an academic, teaching and writing financial textbooks, I remain convinced of the futility of trying to figure out the market.
Personally, I adopted Jack Bogle’s philosophy over 18 years ago, and I haven’t looked back. The whipsawing within the market, as recently as this past week, demonstrates above all that fluctuation in the market is a combination of three factors: fear, greed, and stupidity.
500-1000 point decreases on one day, followed by similarly numbered rebounds the following day, is profit-taking by insiders and others, engaged in market manipulation, and nothing else.
If you are living on periodic or scheduled withdrawals from your portfolio, these fluctuations can be quite distressing. On the other hand, if your retirement expenses are m