I hated 2008-2009. I was scared. I was worried. I found myself saying things like "please please, if the Dow ever gets back to 10,000 I'll just sell everything and not get into the stock market again every." The extent of my visceral reaction was larger than I expected. It wasn't just a drop in some numbers, it was watching talking heads like Ben Bernanke and Henry Paulson on TV and realizing that they were scared. It was the period of time when just when you had started to stop feeling panicky because some giant household-name been-there-forever firm had collapsed, there would be screaming headlines about another having collapsed.
It turned out that I was awfully close to my risk tolerance, but I didn't have too much in stocks and I didn't actually do anything. I definitely did not expect the stock market to come back as quickly or as far as it has, and during the 2010, 2011, and 2012 there were several times I was worried as to whether some pullbacks might be the start of another crash. And I'm worried now about whether things are going too well. In short, I'm always worried, but I've been staying the course. I didn't sell in 2008-2009. And when the Dow did get back to 10,000, of course, I didn't sell then.
And right now I'm a little worried about my Vanguard Total Bond Market holdings--but I'm staying the course.
Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness; Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.