Lost $7000 today in ONE DAY!

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dave_k
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Re: Lost $7000 today in ONE DAY!

Post by dave_k » Thu Aug 17, 2017 10:57 pm

I lost at least twice that, but it's not a big deal. It's still higher than it had ever been as of a few months ago. It could easily go right back up within days - or down more. If it goes down a few more percent I'll just buy more stock (rebalance). Nothing to lose sleep over.

Tc99
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Re: Lost $7000 today in ONE DAY!

Post by Tc99 » Thu Aug 17, 2017 11:03 pm

Alex GR wrote:
Thu Aug 17, 2017 8:39 pm
Hi everyone,
I lost $7000 today in one day.
Sounds like a perfect TLH day if stocks are in a taxable account!

CFR
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Re: Lost $7000 today in ONE DAY!

Post by CFR » Thu Aug 17, 2017 11:36 pm

Yeah, we all lost money I guess. So although I try hard not get tax refunds, I had a state tax refund come in today for about $3000. So as is typical, I transferred that teeny little windfall into my account about bought VTI while it was down 1%. LOL, it closed down 1.6%. Just couldn't win today. :oops: :mrgreen:

JBTX
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Re: Lost $7000 today in ONE DAY!

Post by JBTX » Thu Aug 17, 2017 11:47 pm

I updated my quicken from last weekend and total portfolio hardly changed.

MJW
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Re: Lost $7000 today in ONE DAY!

Post by MJW » Thu Aug 17, 2017 11:52 pm

Alex GR wrote:
Thu Aug 17, 2017 8:39 pm
Hi everyone,
I lost $7000 today in one day.
Okay. I'm not going to be overly dramatic about piling on here. Looks like that has already been taken care of several times over.

Let's try something, though. Feel however you feel about it. If it bothers you to see this type of drop, just accept that you're bothered by it and then do nothing. Next time it happens, take the same approach. And then the next time. Get used to being bothered by it but also recognize that it doesn't mean you need to do anything.

Try it for a while. If after some time you still feel like you just can't help yourself, then go with a less volatile portfolio and accept that you will probably have to save more from now on. Feeling lousy when seeing these drops may be the price you have to pay for achieving your financial goals later. Only you can decide whether it is worth it.

Or you can stop feeling lousy, but changing how you feel is much harder than changing what you do.

ThrustVectoring
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Re: Lost $7000 today in ONE DAY!

Post by ThrustVectoring » Fri Aug 18, 2017 12:05 am

runner3081 wrote:
Thu Aug 17, 2017 9:32 pm
Wow, cool. I don't really follow the market (no need to when indexing and DCA'ing every month automatically).

Now that I see this, will watch a bit more. Might be time to make a few "sale" purchases on funds.
You lose out more by having investable cash sitting on the sideline waiting for a "sale" than you gain from buying at a bargain. The general risk intuitions of folks are way off - missing out on a bull market is a bigger deal than profiting off bear markets (so long as you don't need the money in the next two decades).

basspond
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Re: Lost $7000 today in ONE DAY!

Post by basspond » Fri Aug 18, 2017 12:14 am

Take the $0.50 and invest. Save on expenses and keep on saving, investing and plugging away. I have talked to several "run for the hills" investors who bailed because of the feeling you have now and lost so much opportunity growth because they couldn't time getting back in.

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stemikger
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Re: Lost $7000 today in ONE DAY!

Post by stemikger » Fri Aug 18, 2017 12:18 am

That's just karma giving you a spanking for arguing with (most likely a minimum wage worker) over 50 cents.

In all seriousness, don't look at these day to day fluctuations, especially when the market is down. If you do feel you need to change your AA because your risk tolerance has changed, not is not the time, if anything when the market is going down, buying more equities is the best thing you can do. As Warren Buffett says, when the price of hamburgers goes down, the Buffett household is cheering. Warren loves his hamburgers.
Choose Simplicity ~ Stay the Course!! ~ Press on Regardless!!!

chinto
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Re: Lost $7000 today in ONE DAY!

Post by chinto » Fri Aug 18, 2017 12:41 am

By this way of reasoning I lost 37,561 dollars today, to which I reply: yawn.
I am glad you mentioned this though, I might do some buying in my offspring's accounts.

Ruger
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Re: Lost $7000 today in ONE DAY!

Post by Ruger » Fri Aug 18, 2017 1:10 am

Down almost $14,000 today but still way up for the year.
Add another vote for the yawn column.

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randomizer
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Re: Lost $7000 today in ONE DAY!

Post by randomizer » Fri Aug 18, 2017 1:29 am

I haven't looked but I bet I "lost" a similar amount. Not a big deal. I only had that much because it had previously gone up about $50k. And it will almost certainly go up again, if not this week, this month, this year, this decade, then the next. In this for the long haul and will be buying whatever is cheapest along the way (rebalancing).
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peterinjapan
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Re: Lost $7000 today in ONE DAY!

Post by peterinjapan » Fri Aug 18, 2017 2:24 am

Yes, $11k down yesterday. I have learned to take these things in stride. I regularly check to see if there's anything I own that I wouldn't buy again, and I generally am happy with it, or I wouldn't own it. If I have any cash, I buy small chunks of my favorite funds if they're down that much.

The trouble is, my son finally started taking an interest in investing. I don't want him to buy something, have it drop, and lose his courage.

vstariradev
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Re: Lost $7000 today in ONE DAY!

Post by vstariradev » Fri Aug 18, 2017 2:45 am

CFR wrote:
Thu Aug 17, 2017 11:36 pm
Yeah, we all lost money I guess. So although I try hard not get tax refunds, I had a state tax refund come in today for about $3000. So as is typical, I transferred that teeny little windfall into my account about bought VTI while it was down 1%. LOL, it closed down 1.6%. Just couldn't win today. :oops: :mrgreen:
You're not the only one. I did at $9K investment yesterday before the drop. Maybe for my next investment the market gods will be in a better mood :D .

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wander
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Re: Lost $7000 today in ONE DAY!

Post by wander » Fri Aug 18, 2017 3:07 am

YTD, my portfolio is still up around 11%.

SGM
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Re: Lost $7000 today in ONE DAY!

Post by SGM » Fri Aug 18, 2017 3:48 am

My advice to an investor far from retirement is to continue buying according to your AA on a regular basis. I rarely looked at my portfolio when the market was down. A young person should like lower valuations while accumulating for retirement. You get more shares with each purchase and with reinvesting of dividends when the valuations are low. You want the market to be high when you are retired not while you are accumulating.

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Re: Lost $7000 today in ONE DAY!

Post by CZjc1330 » Fri Aug 18, 2017 4:31 am

Great advice here. Keep cool. If you "lose" ,which you don't unless you sell, another $21,000. It might be a great time to buy, at a :sharebeer bargain price for sure. .
As others said. Add up how much your portfolio went up in last 12 months -- It went up many, many times, your $7,000. So put blimps in perspective. Good Luck!

Daryl
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Re: Lost $7000 today in ONE DAY!

Post by Daryl » Fri Aug 18, 2017 4:35 am

Finally got around to updating my net worth spreadsheet. The change since the previous update is a minor rounding error. Perhaps this investment loss perfectly offset my salary/paycheck for the last two weeks!

John1960
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Re: Lost $7000 today in ONE DAY!

Post by John1960 » Fri Aug 18, 2017 4:46 am

Hold more cash and also hold non correlated assets.

bayview
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Re: Lost $7000 today in ONE DAY!

Post by bayview » Fri Aug 18, 2017 5:48 am

Alex GR wrote:
Thu Aug 17, 2017 8:39 pm
Hi everyone,
I lost $7000 today in one day. My portfolio is below.
Ironically, I've just returned from a store where I was arguing with a cashier over 0.50 cents! Got home and saw that the portfolio went down by $7k... :oops:
Should I change the allocation if this kind of downswing bothers me? :confused
The portfolio is 72/28 with 55% U.S. Stock, 28% U.S. Bond and 17% International Stock.

VOO Vanguard 500 Index Fund 32%
VOE Vanguard Mid-Cap Value ETF 5%
VBR Vanguard Small-Cap Value ETF 13%
POGRX PRIMECAP Odyssey Growth Fund 5%
BIV Vanguard Intermediate-Term Bond ETF 19%
PONDX PIMCO Income Fund Class D 9%
VXUS Vanguard Total International Stock ETF International 12%
VWO Vanguard FTSE Emerging Markets ETF International 2%
SFVLX Seafarer Overseas Value Fund International 3%
Shame on the posters here who were mocking OP. He's a relatively new member, and he's doing exactly what we advise: determining whether or not he can accept volatility and dial back if not. Better to ask these questions after a 1.5% drop than later after another 2008.

OP, I missed what your age is and how many years to go, if that was posted, but this is a great illustration of the fact that investing isn't a smooth, newly-paved road, but a bumpy, suspension-challenging one. It generally gets you where you want to go, but it might not always be comfortable.

Maybe your AA is too aggressive for you, but more likely, it's just the suddenness after this nice smooth climb we've been on. Before changing your AA, try this: work out what the total drops in your portfolio would be under the following circumstances:
5% drop
10% drop
25% drop
40% drop
50% drop
(Go ahead --you can use your balance from Wednesday instead of from yesterday if you'd like. :D)

Let those numbers roll around in your head for a while, and accept that the first three circumstances WILL happen to you, and a decent chance for the others as well. Remember that if you're not close to retirement, you will keep investing, raising the balances with new money, plus markets do recover (so far, at any rate.) If you can get to where you can handle the numbers with some equanimity (a flinch is OK), then you're probably OK with your AA. If not, dial it back a bit.

A question: a third of your fixed income is in the PIMCO fund. How did it do yesterday? Like many other posters, I keep all my risk on the equity side. I don't ask for income from bonds (matching inflation is good enough), because I have them for safety. If your bond funds are dropping when your equities are, you might take another look at that.

I realize that portfolio options in a 401k can be pretty miserable.
The continuous execution of a sound strategy gives you the benefit of the strategy. That's what it's all about. --Rick Ferri

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blaugranamd
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Re: Lost $7000 today in ONE DAY!

Post by blaugranamd » Fri Aug 18, 2017 5:52 am

No one "lost" anything today. We all have the same number of shares we had 3 days ago. The ASKING PRICE for what you own went down. Unless you bought shares 3 days ago and sold today, you didn't lose anything. If someone walked up to your door today while your house was NOT for sale and told you they'd give you $200k for your home and you said get lost and slammed the door then tomorrow a different person came up and offered you $193k again while your home was NOT for sale, we would NEVER view that as losing $7k, so why do we view fund shares that are not for sale any differently? Simply because stocks/funds are constantly being priced doesn't mean we are constantly gaining and losing money. $0.02
:sharebeer
-- Don't mistake more funds for more diversity: Total Int'l + Total Market = 7k to 10k stocks -- | -- Market return does NOT = average nor 50th percentile, rather 80-90th percentile long term ---

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Re: Lost $7000 today in ONE DAY!

Post by sschullo » Fri Aug 18, 2017 6:02 am

Welcome to the investing world!
I remember when my portfolio went up or down that amounted in a year's public teachers salary in ONE DAY back in the tech mania of the late 90s. Yeah, anywhere from $40,000 to $70,000 in one day (repeated over several months in the late 90s and early 2000s) because I was all in on technology sector mutual funds and zero bonds.
Public School K-12 Educators: "Ask NOT what your annuity sales person can do for you, ask what you can do to be a Do-It-Yourselfer (DIY)."

why3not
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Re: Lost $7000 today in ONE DAY!

Post by why3not » Fri Aug 18, 2017 6:10 am

Alex
I suggest you read & think about this post by one of the forum giants
A time to evaluate your jitters

grettman
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Re: Lost $7000 today in ONE DAY!

Post by grettman » Fri Aug 18, 2017 6:14 am

I "Lost" about 18,000. I slept a full 8 hours and can't wait to get my workout in and enjoy Friday evening.

If I "lose" another 18,000 today, I will do the same tomorrow (except tomorrow will be Saturday).

If you can't have that attitude about a "loss" you need to revisit your risk exposure.

fundseeker
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Re: Lost $7000 today in ONE DAY!

Post by fundseeker » Fri Aug 18, 2017 6:18 am

Alex GR wrote:
Thu Aug 17, 2017 8:39 pm
Hi everyone,
I lost $7000 today in one day.

Should I change the allocation if this kind of downswing bothers me? :confused
OP, Only you can decide that, but maybe you should if you are this concerned. But, by the end of today, you may be up that much or more. So, try to relax, and consider cutting back on the stocks after the market goes back up some. Selling low (like now after a small drop) and then next week buying higher because you regret selling today (if it gains 1 or 2 points) is a really bad plan.
Last edited by fundseeker on Fri Aug 18, 2017 6:21 am, edited 1 time in total.

Call_Me_Op
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Re: Lost $7000 today in ONE DAY!

Post by Call_Me_Op » Fri Aug 18, 2017 6:19 am

Alex GR wrote:
Thu Aug 17, 2017 8:39 pm
Should I change the allocation if this kind of downswing bothers me? :confused
If you have to ask - then yes.
Best regards, -Op | | "In the middle of difficulty lies opportunity." Einstein

cherijoh
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Re: Lost $7000 today in ONE DAY!

Post by cherijoh » Fri Aug 18, 2017 7:01 am

pkcrafter wrote:
Thu Aug 17, 2017 8:54 pm
What, did something happen?

Paul
+1
Paul you are a true Boglehead! :happy

The Wizard
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Re: Lost $7000 today in ONE DAY!

Post by The Wizard » Fri Aug 18, 2017 7:08 am

cherijoh wrote:
Fri Aug 18, 2017 7:01 am
pkcrafter wrote:
Thu Aug 17, 2017 8:54 pm
What, did something happen?

Paul
+1
Paul you are a true Boglehead! :happy
Perhaps.
But if he wants to learn to tax loss harvest in his taxable account, he's gonna have to monitor things better...
Attempted new signature...

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SpringMan
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Re: Lost $7000 today in ONE DAY!

Post by SpringMan » Fri Aug 18, 2017 7:34 am

Tax loss harvesting is not an option unless your cost basis is higher than your current value in a given position held in a taxable account. A 2% drop in one day does not necessarily erase all previous profits. Most financial advisers would likely advise investors to ignore geopolitical events IMO.
Best Wishes, SpringMan

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Re: Lost $7000 today in ONE DAY!

Post by Grt2bOutdoors » Fri Aug 18, 2017 7:50 am

Alex GR wrote:
Thu Aug 17, 2017 8:39 pm
Hi everyone,
I lost $7000 today in one day. My portfolio is below.
Ironically, I've just returned from a store where I was arguing with a cashier over 0.50 cents! Got home and saw that the portfolio went down by $7k... :oops:
Should I change the allocation if this kind of downswing bothers me? :confused
The portfolio is 72/28 with 55% U.S. Stock, 28% U.S. Bond and 17% International Stock.

VOO Vanguard 500 Index Fund 32%
VOE Vanguard Mid-Cap Value ETF 5%
VBR Vanguard Small-Cap Value ETF 13%
POGRX PRIMECAP Odyssey Growth Fund 5%
BIV Vanguard Intermediate-Term Bond ETF 19%
PONDX PIMCO Income Fund Class D 9%
VXUS Vanguard Total International Stock ETF International 12%
VWO Vanguard FTSE Emerging Markets ETF International 2%
SFVLX Seafarer Overseas Value Fund International 3%
If you do change it and the market rises by say 5% but your portfolio only rises by 1% what will your next thread be? Let me guess: WHY Isn't MY Portfolio Rising in Value? Set an asset allocation that permits you to SWAN (Sleep Well at Night!) and then leave it be. It seems to me that your current allocation is not letting you SWAN, so you need to reduce exposure to equities including your overexposure to small cap value. The total market is not 26% small value (13%/50% equities), it's like 4%.
Last edited by Grt2bOutdoors on Fri Aug 18, 2017 7:53 am, edited 1 time in total.
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Grt2bOutdoors
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Re: Lost $7000 today in ONE DAY!

Post by Grt2bOutdoors » Fri Aug 18, 2017 7:53 am

grettman wrote:
Fri Aug 18, 2017 6:14 am
I "Lost" about 18,000. I slept a full 8 hours and can't wait to get my workout in and enjoy Friday evening.

If I "lose" another 18,000 today, I will do the same tomorrow (except tomorrow will be Saturday).

If you can't have that attitude about a "loss" you need to revisit your risk exposure.
Don't do anything, just stand there! I did not even look at my portfolio, investing should be like watching the paint dry - boring! You are doing the right thing, going about your day to day business and only taking action such as tax loss harvesting or reallocating from cash/bonds to equities and vice versa when required.

+1 to you.
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions

gilgamesh
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Re: Lost $7000 today in ONE DAY!

Post by gilgamesh » Fri Aug 18, 2017 7:55 am

Alex GR wrote:
Thu Aug 17, 2017 8:39 pm
Hi everyone,
I lost $7000 today in one day. My portfolio is below.
Ironically, I've just returned from a store where I was arguing with a cashier over 0.50 cents! Got home and saw that the portfolio went down by $7k... :oops:
Should I change the allocation if this kind of downswing bothers me? :confused
The portfolio is 72/28 with 55% U.S. Stock, 28% U.S. Bond and 17% International Stock.

VOO Vanguard 500 Index Fund 32%
VOE Vanguard Mid-Cap Value ETF 5%
VBR Vanguard Small-Cap Value ETF 13%
POGRX PRIMECAP Odyssey Growth Fund 5%
BIV Vanguard Intermediate-Term Bond ETF 19%
PONDX PIMCO Income Fund Class D 9%
VXUS Vanguard Total International Stock ETF International 12%
VWO Vanguard FTSE Emerging Markets ETF International 2%
SFVLX Seafarer Overseas Value Fund International 3%
I hope your post is a hidden brag...it's cool to have enough that even a twitch in the market does that to your portfolio. Congratulations !!

If you were seriously worried, I don't think any of the advice so far will help, just pay the 1% and hire an advisor with good repute and forget about managing your own money. Good luck!!

lostdog
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Re: Lost $7000 today in ONE DAY!

Post by lostdog » Fri Aug 18, 2017 8:03 am

If you freak out over a 1 day loss then maybe you need to reconsider your allocation.

Seasonal
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Re: Lost $7000 today in ONE DAY!

Post by Seasonal » Fri Aug 18, 2017 8:09 am

I lost about 10% of my portfolio gains so far this year. I'm still up a fair amount.

Of course a decrease in portfolio value is a real loss. Selling locks in losses not because cash is more "real" than stocks, but because stocks are likely to increase in value quicker than cash would rise. Selling decreases the chances of your portfolio going back up. Of course, the price of that chance of an increase is the chance of a decrease.

tom white
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Re: Lost $7000 today in ONE DAY!

Post by tom white » Fri Aug 18, 2017 8:19 am

AlohaJoe wrote:
Thu Aug 17, 2017 9:52 pm
The most I've lost in one day in the past 12 months was $124,709 on June 9th, 2017. I don't even remember that.
You claim you "don't even remember that" and yet you are able to quote the date, and amount, even down to the dollar?

ryman554
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Re: Lost $7000 today in ONE DAY!

Post by ryman554 » Fri Aug 18, 2017 8:21 am

pkcrafter wrote:
Thu Aug 17, 2017 8:54 pm
What, did something happen?

Paul
Yeah, I'll tell you what happened.

It's ryman554 investing a significant bolus of money (>$10k) earlier this week during the semi-annual bonus/RSU/ESPP money recovery process. It never fails to cause corrections of roughly the same amount of $$ that was put in....

I humbly apologize.

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saltycaper
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Re: Lost $7000 today in ONE DAY!

Post by saltycaper » Fri Aug 18, 2017 8:24 am

blaugranamd wrote:
Fri Aug 18, 2017 5:52 am
No one "lost" anything today. We all have the same number of shares we had 3 days ago. The ASKING PRICE for what you own went down. Unless you bought shares 3 days ago and sold today, you didn't lose anything. If someone walked up to your door today while your house was NOT for sale and told you they'd give you $200k for your home and you said get lost and slammed the door then tomorrow a different person came up and offered you $193k again while your home was NOT for sale, we would NEVER view that as losing $7k, so why do we view fund shares that are not for sale any differently? Simply because stocks/funds are constantly being priced doesn't mean we are constantly gaining and losing money. $0.02
:sharebeer
The analogy doesn't work because you don't have enough pricing info. If one person quoted you $200K yesterday and another person quoted you $193K today, no, you didn't lose $7K. But that's not because you didn't sell; it's because you don't know what anybody else was willing to pay. But, if you hypothetically were able to poll the entire market, and the best offer you got yesterday was $200K, while the best offer you got today was $193K, then yes, you've lost $7K, whether you sell or not. Still not a great analogy though, as the market for your house is much smaller, and houses are so much less liquid than a stock with daily volume in the hundreds of thousands or millions. It can be hard to price things that are illiquid. Oftentimes it's a practical matter that makes the true value unknown until sale. It's not that the value has not increased/decreased until sale, it's just that you never knew for sure what it was. With highly liquid stocks, market value is easily determinable.
Quod vitae sectabor iter?

protagonist
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Re: Lost $7000 today in ONE DAY!

Post by protagonist » Fri Aug 18, 2017 8:26 am

Alex GR wrote:
Thu Aug 17, 2017 8:39 pm
Hi everyone,
I lost $7000 today in one day. My portfolio is below.
Ironically, I've just returned from a store where I was arguing with a cashier over 0.50 cents!
And how much have you "made" in the last year?

If anything is to be gained from this, the lesson might be not to waste your energy arguing with cashiers over 50 cents.

Another lesson might be that if a 1.2% drop in the stock market gives you significant anxiety, perhaps the stock market is not for you. Think about how you might respond to a 50% drop.
Last edited by protagonist on Fri Aug 18, 2017 8:30 am, edited 1 time in total.

Tamalak
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Re: Lost $7000 today in ONE DAY!

Post by Tamalak » Fri Aug 18, 2017 8:29 am

OP beat me. I lost only $5,000 that day.

For some reason it doesn't bother me at all, even after I calculate how many days of work that equates to.

I guess part of it is I was lucky to dump my life savings into stocks at a (so far) good time, September 2015.

Even the losses are fun. It's like a little passive gambling game I play every day, and so far has made me many tens of thousands.

I love checking stocks every day to see if it's a glorious victory or agonizing defeat. Exciting!

Grats to the OP for having a large and aggressive portfolio. May fortune find you and stay the course :sharebeer
Last edited by Tamalak on Fri Aug 18, 2017 8:53 am, edited 1 time in total.

gilgamesh
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Re: Lost $7000 today in ONE DAY!

Post by gilgamesh » Fri Aug 18, 2017 8:35 am

protagonist wrote:
Fri Aug 18, 2017 8:26 am

Another lesson might be that if a 1.2% drop in the stock market gives you significant anxiety, perhaps the stock market is not for you. Think about how you might respond to a 50% drop.
I don't think OP came up with that allocation, without ever encountering the "visualize a 50% drop in equities" advice. It didn't help, even a 1.5% drop causes him concern.
Staying away from the stock market isn't good either.
I know folks here are against paying commission, IMO even a 1% commission to manage OP's money would be the best money he will spent. Just leave it to someone else.

alfaspider
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Re: Lost $7000 today in ONE DAY!

Post by alfaspider » Fri Aug 18, 2017 8:36 am

After years in the market, I don't view dips as "losses", but temporary reductions in theoretical gains. My average cost basis in my equities is still WAY below what I paid for them.

BackOfTheNet
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Re: Lost $7000 today in ONE DAY!

Post by BackOfTheNet » Fri Aug 18, 2017 8:37 am

TSP G fund is up.

AlohaJoe
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Re: Lost $7000 today in ONE DAY!

Post by AlohaJoe » Fri Aug 18, 2017 8:39 am

tom white wrote:
Fri Aug 18, 2017 8:19 am
AlohaJoe wrote:
Thu Aug 17, 2017 9:52 pm
The most I've lost in one day in the past 12 months was $124,709 on June 9th, 2017. I don't even remember that.
You claim you "don't even remember that" and yet you are able to quote the date, and amount, even down to the dollar?
It's called a spreadsheet.

garnertr
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Re: Lost $7000 today in ONE DAY!

Post by garnertr » Fri Aug 18, 2017 8:39 am

I know that this has been covered....BUUUUUTTT

YOU HAVE NOT NOT NOT LOST anything.

Did you sell your portfolio? If you liquidated everything then YES you lost.

Remember the market is fluid, it WILL go up it WILL go down, that is why you ride the wave!

If you watch local news coverage of millionaires/billionaires, you hear this type of headline

Bill lost 5 million today

Mark made 5 billion today

no they didn't make, but their value has gone up or gone down. If they sell, then that is where the gains/loss hits.

So tomorrow, you'll probably see a gain, and the next day you might see another loss. This is your tolerance level. It is what panicked many ppl when the stock market crashed years ago... they panicked lost value sold and then lost money.

I tend to look at it this way, you are in a BUYING OPPORTUNITY, if you scheduled your buys, and the stock or etf is "low" then congrats you'll buy more shares and then when the market "corrects" your smart move at buying when it was a lower price will give you more shares and then will be worth more later down the road.

It's a psych game! Keep playing, don't panic, maybe review your positions and re-evaluate your portfolio, but down' panic, turn that DOWN into a potential buying spree! :)

I lurk on these forums and read through most of the posts, and the portfolio's are amazing compared to mine. I started late, had bad life decisions, but made my corrections and am starting over from scratch. I am more dedicated and more than ever before. I have a portfolio worth 36k, not great, but for my 2.0 re-imagination, it's going good. I use my 401k at work, every year increase my % (I'm extremely limited due to divorce that I'm paying 1/2 my paycheck over) so as not to screw myself over and like you have a small play account (very very small!) :)

So remember bad stock market news, may mean great potential buying opportunity! :)

hafjell
Posts: 149
Joined: Tue Nov 10, 2015 8:49 am

Re: Lost $7000 today in ONE DAY!

Post by hafjell » Fri Aug 18, 2017 8:40 am

It's not your risk tolerance, asset allocation or frequency of viewing your portfolio that's the problem. And it's not your short term view. You're investing in the wrong funds. Only buy funds which go up every day. You'll sleep much better.

You're welcome.

pkcrafter
Posts: 13062
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Re: Lost $7000 today in ONE DAY!

Post by pkcrafter » Fri Aug 18, 2017 8:43 am

ryman554 wrote:
Fri Aug 18, 2017 8:21 am
pkcrafter wrote:
Thu Aug 17, 2017 8:54 pm
What, did something happen?

Paul
Yeah, I'll tell you what happened.

It's ryman554 investing a significant bolus of money (>$10k) earlier this week during the semi-annual bonus/RSU/ESPP money recovery process. It never fails to cause corrections of roughly the same amount of $$ that was put in....

I humbly apologize.
Ha-Ah, so, it was you!! :mrgreen:


Paul
When times are good, investors tend to forget about risk and focus on opportunity. When times are bad, investors tend to forget about opportunity and focus on risk.

Tamalak
Posts: 547
Joined: Fri May 06, 2016 2:29 pm

Re: Lost $7000 today in ONE DAY!

Post by Tamalak » Fri Aug 18, 2017 8:45 am

Man, I understand the whole 'it's only paper losses' thing, and I see the value in thinking that way if you're trying to soothe your anxiety about buy and hold. But it's just factually wrong, for something SO liquid as a stock. You really are making/losing THOUSANDS of dollars most days. Practically every day I gain or lose more than I make at my job. It's not something the human psyche is equipped to easily handle.. but it's the truth.

student
Posts: 2530
Joined: Fri Apr 03, 2015 6:58 am

Re: Lost $7000 today in ONE DAY!

Post by student » Fri Aug 18, 2017 8:50 am

pkcrafter wrote:
Fri Aug 18, 2017 8:43 am
ryman554 wrote:
Fri Aug 18, 2017 8:21 am
pkcrafter wrote:
Thu Aug 17, 2017 8:54 pm
What, did something happen?

Paul
Yeah, I'll tell you what happened.

It's ryman554 investing a significant bolus of money (>$10k) earlier this week during the semi-annual bonus/RSU/ESPP money recovery process. It never fails to cause corrections of roughly the same amount of $$ that was put in....

I humbly apologize.
Ha-Ah, so, it was you!! :mrgreen:


Paul
Also this guy/gal's fault. He/she warned us.

viewtopic.php?f=10&t=225778&newpost=3497237

protagonist
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Joined: Sun Dec 26, 2010 12:47 pm

Re: Lost $7000 today in ONE DAY!

Post by protagonist » Fri Aug 18, 2017 8:52 am

gilgamesh wrote:
Fri Aug 18, 2017 8:35 am
protagonist wrote:
Fri Aug 18, 2017 8:26 am

Another lesson might be that if a 1.2% drop in the stock market gives you significant anxiety, perhaps the stock market is not for you. Think about how you might respond to a 50% drop.
I don't think OP came up with that allocation, without ever encountering the "visualize a 50% drop in equities" advice. It didn't help, even a 1.5% drop causes him concern.
Staying away from the stock market isn't good either.
You make a good point, gilgamesh....for most of us. But despite the advantages of stock investing that we all see, I am not certain it is good for everybody. Anxiety is a horrible way to spend your life, and that will happen frequently if triggered by 1% market drops. Panic is even worse. Forget about the financial toll of not investing and think about the psychological toll of worry- not to mention the potential serious financial toll of panic. I am not suggesting the OP should not invest in the market since I don't know the OP. But despite whether one uses an advisor or not, whether or not to invest in stock or what is an optimal stock allocation should be approached on an individual basis.

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Raymond
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Location: Texas

Re: Lost $7000 today in ONE DAY!

Post by Raymond » Fri Aug 18, 2017 8:52 am

tom white wrote:
Fri Aug 18, 2017 8:19 am
AlohaJoe wrote:
Thu Aug 17, 2017 9:52 pm
The most I've lost in one day in the past 12 months was $124,709 on June 9th, 2017. I don't even remember that.
You claim you "don't even remember that" and yet you are able to quote the date, and amount, even down to the dollar?
Perhaps he has a spreadsheet to track his portfolio, but wasn't aware of the specifics until he searched for it?

-----

My only regret about the 2008 depression was that I didn't know about tax-loss harvesting in my pre-Bogleheads era - I didn't sell and go to cash, but I missed out on many years of potential capital losses.
"Ritter, Tod und Teufel"

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InvestorNewb
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Re: Lost $7000 today in ONE DAY!

Post by InvestorNewb » Fri Aug 18, 2017 8:56 am

The trick is to avoid looking at your balance on down days. Only do this when the market is at highs. This advice has worked for me and while I can guess how much I'm down I don't know the real balance because I avoid looking.

Focus on the income that you get with your investments. I take comfort in the fact that every year, my dividend income increases by a few thousand dollars. That's two extra months worth of rent payments for me. Without taking market risk I get no dividends. Nobody gets rich by investing in savings accounts. If you can't stomach the risk either change your allocation or get out of the stock market and have inflation eat away your savings.
My Portfolio: VTI [US], VXUS [Int'l], VNQ [REIT], VCN [Canada] (largest to smallest)

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