Who is staying course and how are you dealing with net worth going down?

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wkimdds
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Who is staying course and how are you dealing with net worth going down?

Post by wkimdds » Thu Mar 12, 2020 10:01 am

I am staying course so far but the drop is scaring the hack out of me. I know I should keep bogle way but it is pretty stressful to see vanguard portfolio going down in value every day.

How are you guys staying calm? And how far will it go down? I heard once shale oil market gets screwed, things can get much uglier.

harvestbook
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Re: Who is staying course and how are you dealing with net worth going down?

Post by harvestbook » Thu Mar 12, 2020 10:14 am

I don't look. It's all monopoly money anyway, until I need it, and I am focusing on how to flatten the curve of hospital strain and educate people as much as I can while isolating as much as possible.

This, too, shall pass, but I'm worried about the effects of the pandemic on those less fortunate in funds and health, and those who are frightened and have few options.
I'm not smart enough to know, and I can't afford to guess.

smitcat
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Re: Who is staying course and how are you dealing with net worth going down?

Post by smitcat » Thu Mar 12, 2020 10:21 am

wkimdds wrote:
Thu Mar 12, 2020 10:01 am
I am staying course so far but the drop is scaring the hack out of me. I know I should keep bogle way but it is pretty stressful to see vanguard portfolio going down in value every day.

How are you guys staying calm? And how far will it go down? I heard once shale oil market gets screwed, things can get much uglier.

"How are you guys staying calm? And how far will it go down? I heard once shale oil market gets screwed, things can get much uglier."
- its happened before
- it is covered in our Investment plan

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watchnerd
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Re: Who is staying course and how are you dealing with net worth going down?

Post by watchnerd » Thu Mar 12, 2020 10:24 am

Even though we're 70% stocks, only 35% of our net worth is in stocks.
70% Global Market Weight Equities | 15% Long Treasuries 15% short TIPS & cash || RSU + ESPP

rustymutt
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Re: Who is staying course and how are you dealing with net worth going down?

Post by rustymutt » Thu Mar 12, 2020 10:25 am

Don't worry, be happy. Honest to God, fretting about your investments isn't right. It's just money. Don't do anything you'll regret.
Stay pat. You knew this could happen, so you shouldn't act surprised that it has. And it could hang on for years. Go have some fun.
You younger folks are able to buy in for less now. So that's a bright spot for those with jobs, and extra money to save.

PS Car dealerships must be worried right now, as their ads have increased 2 fold here. You'd think from the ads we all need a new car/truck on a monthly bases.
Even educators need education. And some can be hard headed to the point of needing time out.

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bottlecap
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Re: Who is staying course and how are you dealing with net worth going down?

Post by bottlecap » Thu Mar 12, 2020 10:25 am

I don't look.

I remember that markets don't always go up.

This stuff happens.

When it's time to rebalance, I'll be buying cheap.

JT

Vision
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Re: Who is staying course and how are you dealing with net worth going down?

Post by Vision » Thu Mar 12, 2020 10:27 am

I'm staying the course by BUYING THE DIP!!!

https://www.youtube.com/watch?v=0akBdQa ... =emb_title

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bligh
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Re: Who is staying course and how are you dealing with net worth going down?

Post by bligh » Thu Mar 12, 2020 10:27 am

I expect another 10-20% drop from here. (for a total 30-40% drop from the peak). I expect a slow recovery over a few years.

I am staying calm by telling myself "I hope all I end up losing to this pandemic is some money".

MindBogler
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Re: Who is staying course and how are you dealing with net worth going down?

Post by MindBogler » Thu Mar 12, 2020 10:28 am

I increased my 401k contributions today to front load for the year.

atdharris
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Re: Who is staying course and how are you dealing with net worth going down?

Post by atdharris » Thu Mar 12, 2020 10:29 am

My biggest concern will be my job, not my stock portfolio. I am in an industry that, hopefully, is not affected by the virus. My investments will come back.

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Ramjet
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Re: Who is staying course and how are you dealing with net worth going down?

Post by Ramjet » Thu Mar 12, 2020 10:31 am

I am staying the course at 100% stock

How am I dealing? Trying to max IRA's ASAP

anich
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Re: Who is staying course and how are you dealing with net worth going down?

Post by anich » Thu Mar 12, 2020 10:34 am

wkimdds wrote:
Thu Mar 12, 2020 10:01 am
I heard once shale oil market gets screwed, things can get much uglier.
Can someone explain how low oil prices cause more recession? Won't low oil prices reduce the expenses of the industries that depend on oil?

I thought, low oil prices would negatively affect only the OPEC countries.

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Ramjet
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Re: Who is staying course and how are you dealing with net worth going down?

Post by Ramjet » Thu Mar 12, 2020 10:36 am

I honestly cannot understand panic selling

I don't like watching the market go down like this one bit

But the further it drops the more I know I'm not selling and locking in a 20+ percent loss

Admiral
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Re: Who is staying course and how are you dealing with net worth going down?

Post by Admiral » Thu Mar 12, 2020 10:36 am

I'm taking it as a stress test of my risk tolerance and AA. So far I am down likely $200k, though I have not looked for a while (and probably won't).

Nothing to be done, just keep buying on schedule and enjoy the low prices.

It's likely to get worse before it gets better.

Sic Vis Pacem
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Re: Who is staying course and how are you dealing with net worth going down?

Post by Sic Vis Pacem » Thu Mar 12, 2020 10:38 am

Hit a rebalance band, bought more stock.

Looks like I may again this week. Net worth down, but my number of shares are up!

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Mel Lindauer
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Re: Who is staying course and how are you dealing with net worth going down?

Post by Mel Lindauer » Thu Mar 12, 2020 10:39 am

Been through this several times before. The main thing to remember is that the only two days that matter are the day you buy and the day you sell. Everything in between is merely noise.

The way to financial freedom is to buy low and sell high; not the opposite.
Best Regards - Mel | | Semper Fi

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Riprap
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Re: Who is staying course and how are you dealing with net worth going down?

Post by Riprap » Thu Mar 12, 2020 10:40 am

I am staying the course because there is no real alternative.

If it gets catastrophic for me, then it's probably going to be pandemonium, chaos, and even anarchy for society at large.

I deal with it knowing that dividends are generally pretty steady. If history is any guide, if the markets drop 50-60% then dividends on a per share basis may drop by 25-30%. I'm ok with that. I don't need extraordinary returns for my personal situation. This obviously means a low withdrawal rate from the equity portion of my portfolio is workable for me.

However, this time could be different.

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watchnerd
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Re: Who is staying course and how are you dealing with net worth going down?

Post by watchnerd » Thu Mar 12, 2020 10:43 am

bligh wrote:
Thu Mar 12, 2020 10:27 am
I expect another 10-20% drop from here. (for a total 30-40% drop from the peak). I expect a slow recovery over a few years.

I am staying calm by telling myself "I hope all I end up losing to this pandemic is some money".
+1

I'm more concerned about our elderly parents.
70% Global Market Weight Equities | 15% Long Treasuries 15% short TIPS & cash || RSU + ESPP

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Brianmcg321
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Re: Who is staying course and how are you dealing with net worth going down?

Post by Brianmcg321 » Thu Mar 12, 2020 10:44 am

Staying the course.

I'm not needing any of my retirement money for 20 years.

Like Kenny Rogers said "You never count your money when your still sitting at the table. There'll be time enough for counting, when the dealings done".
Rules to investing: | 1. Don't lose money. | 2. Don't forget rule number 1.

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watchnerd
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Re: Who is staying course and how are you dealing with net worth going down?

Post by watchnerd » Thu Mar 12, 2020 10:45 am

Mel Lindauer wrote:
Thu Mar 12, 2020 10:39 am
Been through this several times before. The main thing to remember is that the only two days that matter are the day you buy and the day you sell. Everything in between is merely noise.

The way to financial freedom is to buy low and sell high; not the opposite.
100%

My stocks are for 10 years from now.
70% Global Market Weight Equities | 15% Long Treasuries 15% short TIPS & cash || RSU + ESPP

Admiral
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Re: Who is staying course and how are you dealing with net worth going down?

Post by Admiral » Thu Mar 12, 2020 10:45 am

Mel Lindauer wrote:
Thu Mar 12, 2020 10:39 am
Been through this several times before. The main thing to remember is that the only two days that matter are the day you buy and the day you sell. Everything in between is merely noise.

The way to financial freedom is to buy low and sell high; not the opposite.
Well said Mel! This is my third or fourth big drop, and the one with the most to lose (or being lost, depending on how one views it).

I can say with 100% certainty that Bogleheads has made me greet this drop with a calm and equanimity that I did not have before.

JD2775
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Re: Who is staying course and how are you dealing with net worth going down?

Post by JD2775 » Thu Mar 12, 2020 10:46 am

I was beginning to think my emergency fund was too large, now I am grateful to have it in times like these.

Other than that I am investing on auto-pilot as I always have been, 401k, Roth, HSA, Taxable. I am fortunate to not need money from any of these for at least 10-15 years (I hope!). I will rebalance in 401k either today or monday, sell bonds and buy stocks to get back to my 70/30 AA

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Re: Who is staying course and how are you dealing with net worth going down?

Post by Godot » Thu Mar 12, 2020 10:46 am

Ramjet wrote:
Thu Mar 12, 2020 10:36 am
I honestly cannot understand panic selling

I don't like watching the market go down like this one bit

But the further it drops the more I know I'm not selling and locking in a 20+ percent loss
Why do you think it's panic selling?
Estragon: I can't go on like this. | Vladimir: That's what you think. | ― Samuel Beckett, Waiting for Godot

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Re: Who is staying course and how are you dealing with net worth going down?

Post by langelgjm » Thu Mar 12, 2020 10:47 am

Down > $180k from an all time peak on Feb 19. Joined the 2 comma club in October, and left it yesterday :oops:

I'm 35, so I have a long time horizon - at least 18 years before college bills, 15 to 20 years even for an early retirement. I was just asking myself in January how I'd handle a big drop in the market, since I only started investing in 2009, and things have been very good over the past decade. Well, now I know!

I fully expect this to get much worse before it gets better. I already expected it to get this bad. But other than taking advantage of tax loss harvesting, not really doing anything different. I'm not confident I can predict when things will go back up, and I want to be in the market when that happens.

Hoping I won't get laid off or furloughed so that I can continue buying at a discount. But if that happens, we have a solid emergency fund that could probably stretch to 18 months or even longer if needed.

Deuces8855
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Re: Who is staying course and how are you dealing with net worth going down?

Post by Deuces8855 » Thu Mar 12, 2020 10:49 am

I commented about this the other day. I'm a relatively new investor at 33 years old. I have about 40 k between my brokerage and roth put in over the past year. I'm not really pissed about losing money, initially i was overthinking about "getting in at a better" starting point. So i sold a couple shares and bough back in (between VOO and VTI), but then stopped doing it cause i didn't think it was worth it.

I know people think "stocks were overvalued". However i've read articles that think the dow will get to 50-100k range by 2030. I read that warren buffet thinks the dow will be near 1 million 100 years from now.

Which essentially tells me, baring a long great depression type event, that what people say is true. Historically market goes up. How we get there is probably a crazy ride, but i guess this is part of the crazy.

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Re: Who is staying course and how are you dealing with net worth going down?

Post by ship_at_sea » Thu Mar 12, 2020 10:50 am

35 and at least 20 years from retirement. This isn't bothering me at all, and I'm at 100% stocks. I'm dealing with it by continuing to contribute to my 401k. If I had cash I'd put it in now, but I don't.

dcabler
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Re: Who is staying course and how are you dealing with net worth going down?

Post by dcabler » Thu Mar 12, 2020 10:50 am

Yes staying the course but....
TLH'ing where it makes sense. Helps with near term taxes and scratches the itch to do something.

How am I dealing? Two ways
1) noticing how many years we could live off of bonds alone if we chose to.
2) looking at the value of my portfolio and looking back in time to see when it was last at that value. For us, at yesterday's close, it was August of last year. That helps. Not that this can't get worse, but at the bottom in 2008, I was set back 4 years. But my AA was dumb (for me) back then and I did some stupid things during that time. Older/wiser...

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Ramjet
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Re: Who is staying course and how are you dealing with net worth going down?

Post by Ramjet » Thu Mar 12, 2020 10:51 am

Godot wrote:
Thu Mar 12, 2020 10:46 am
Ramjet wrote:
Thu Mar 12, 2020 10:36 am
I honestly cannot understand panic selling

I don't like watching the market go down like this one bit

But the further it drops the more I know I'm not selling and locking in a 20+ percent loss
Why do you think it's panic selling?
Panic selling: " wide-scale selling of an investment which causes a sharp decline in prices. Specifically, an investor wants to get out of an investment with little regard of the price obtained. The selling activity is problematic because the investor is selling in reaction to emotion and fear, rather than evaluating the fundamentals. Most major stock exchanges use trading curbs to throttle panic selling, providing a cooling period for people to digest information related to the selling and restore some degree of normalcy to the market."

Trading was halted today literally for this very reason

Admiral
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Re: Who is staying course and how are you dealing with net worth going down?

Post by Admiral » Thu Mar 12, 2020 10:52 am

Market takes the escalator up, the elevator down, as some wise person once remarked.

Say hello to the elevator days! :?

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Re: Who is staying course and how are you dealing with net worth going down?

Post by RetiredInTheWest » Thu Mar 12, 2020 10:53 am

Staying the course. In five years this likely won't have made any difference.

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watchnerd
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Re: Who is staying course and how are you dealing with net worth going down?

Post by watchnerd » Thu Mar 12, 2020 10:53 am

Brianmcg321 wrote:
Thu Mar 12, 2020 10:44 am
Staying the course.

I'm not needing any of my retirement money for 20 years.

Like Kenny Rogers said "You never count your money when your still sitting at the table. There'll be time enough for counting, when the dealings done".
Thank you for reminding me of the song.
70% Global Market Weight Equities | 15% Long Treasuries 15% short TIPS & cash || RSU + ESPP

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Re: Who is staying course and how are you dealing with net worth going down?

Post by 7eight9 » Thu Mar 12, 2020 10:54 am

Ramjet wrote:
Thu Mar 12, 2020 10:51 am
Godot wrote:
Thu Mar 12, 2020 10:46 am
Ramjet wrote:
Thu Mar 12, 2020 10:36 am
I honestly cannot understand panic selling

I don't like watching the market go down like this one bit

But the further it drops the more I know I'm not selling and locking in a 20+ percent loss
Why do you think it's panic selling?
Panic selling: " wide-scale selling of an investment which causes a sharp decline in prices. Specifically, an investor wants to get out of an investment with little regard of the price obtained. The selling activity is problematic because the investor is selling in reaction to emotion and fear, rather than evaluating the fundamentals. Most major stock exchanges use trading curbs to throttle panic selling, providing a cooling period for people to digest information related to the selling and restore some degree of normalcy to the market."

Trading was halted today literally for this very reason
Those who "panicked" got a better price than those who waited until calm was restored. SP500 down 8.35% as I type this.
I guess it all could be much worse. | They could be warming up my hearse.

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Re: Who is staying course and how are you dealing with net worth going down?

Post by WarAdmiral » Thu Mar 12, 2020 10:54 am

Admiral wrote:
Thu Mar 12, 2020 10:52 am
Market takes the escalator up, the elevator down, as some wise person once remarked.

Say hello to the elevator days! :?
Sometimes Mr Market takes the stairs up :) but always takes the elevator down.

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Re: Who is staying course and how are you dealing with net worth going down?

Post by vipertom1970 » Thu Mar 12, 2020 10:56 am

I am not staying the course, 60/40 Sep 2019 and even with a negative 400K+ I am changing up to 100% equities very soon.

Admiral
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Re: Who is staying course and how are you dealing with net worth going down?

Post by Admiral » Thu Mar 12, 2020 10:56 am

7eight9 wrote:
Thu Mar 12, 2020 10:54 am
Ramjet wrote:
Thu Mar 12, 2020 10:51 am
Godot wrote:
Thu Mar 12, 2020 10:46 am
Ramjet wrote:
Thu Mar 12, 2020 10:36 am
I honestly cannot understand panic selling

I don't like watching the market go down like this one bit

But the further it drops the more I know I'm not selling and locking in a 20+ percent loss
Why do you think it's panic selling?
Panic selling: " wide-scale selling of an investment which causes a sharp decline in prices. Specifically, an investor wants to get out of an investment with little regard of the price obtained. The selling activity is problematic because the investor is selling in reaction to emotion and fear, rather than evaluating the fundamentals. Most major stock exchanges use trading curbs to throttle panic selling, providing a cooling period for people to digest information related to the selling and restore some degree of normalcy to the market."

Trading was halted today literally for this very reason
Those who "panicked" got a better price than those who waited until calm was restored. SP500 down 8.35% as I type this.
Better than what? Better than a year from now? So, calm has now been restored, in your view?

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Ramjet
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Re: Who is staying course and how are you dealing with net worth going down?

Post by Ramjet » Thu Mar 12, 2020 10:57 am

7eight9 wrote:
Thu Mar 12, 2020 10:54 am
Ramjet wrote:
Thu Mar 12, 2020 10:51 am
Godot wrote:
Thu Mar 12, 2020 10:46 am
Ramjet wrote:
Thu Mar 12, 2020 10:36 am
I honestly cannot understand panic selling

I don't like watching the market go down like this one bit

But the further it drops the more I know I'm not selling and locking in a 20+ percent loss
Why do you think it's panic selling?
Panic selling: " wide-scale selling of an investment which causes a sharp decline in prices. Specifically, an investor wants to get out of an investment with little regard of the price obtained. The selling activity is problematic because the investor is selling in reaction to emotion and fear, rather than evaluating the fundamentals. Most major stock exchanges use trading curbs to throttle panic selling, providing a cooling period for people to digest information related to the selling and restore some degree of normalcy to the market."

Trading was halted today literally for this very reason
Those who "panicked" got a better price than those who waited until calm was restored. SP500 down 8.35% as I type this.
Irrelevant

lowkeytaco
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Re: Who is staying course and how are you dealing with net worth going down?

Post by lowkeytaco » Thu Mar 12, 2020 10:58 am

Nice to see all the posts of staying the course. So am I, and taking advantage of TLH opportunities!

igetthebag
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Re: Who is staying course and how are you dealing with net worth going down?

Post by igetthebag » Thu Mar 12, 2020 11:00 am

I am rebalancing aggressively. "Overbalancing" back to equities by 1-2%. This may not be the right thing to do but it makes me feel like I'm doing the right thing by "buying when others are selling". Luckily I sold some BND yesterday morning before it went down yesterday/today. Took that $ and bought VTI and VXUS after the 7% drop this morning.

I was tempted to do the same thing again this morning, which would have raised my equities exposure to about 4% over my 80/20 target. However, after seeing BND fall another 1-2% I just didn't feel like it was right to take that loss on BND when it wasn't really time to rebalance. This is my first bear market (started investing in 2013). I can't see myself lowering my equity exposure for any reason. But I will admit, I haven't been as immune to all the "doomer" nonsense as I thought I would be. Nervous but committed to maintaining my 80% equity exposure and possibly increasing it depending on how low it goes.

MathWizard
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Re: Who is staying course and how are you dealing with net worth going down?

Post by MathWizard » Thu Mar 12, 2020 11:04 am

I count my net worth differently than others.


I am mainly concerned with the bulk of my net worth, my investments,
not my (paid off) house or other illiquid assets.

For my investments, I estimate the value of the shares that I own, not the
current selling price. The value does not change (or change much) by the
daily swings in market price.

I rebalance, but also adjust my AA :Buy stocks when they are on sale.

Admiral
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Re: Who is staying course and how are you dealing with net worth going down?

Post by Admiral » Thu Mar 12, 2020 11:05 am

MathWizard wrote:
Thu Mar 12, 2020 11:04 am
I count my net worth differently than others.


I am mainly concerned with the bulk of my net worth, my investments,
not my (paid off) house or other illiquid assets.

For my investments, I estimate the value of the shares that I own, not the
current selling price
. The value does not change (or change much) by the
daily swings in market price.

I rebalance, but also adjust my AA :Buy stocks when they are on sale.
What method do you use to estimate their value, assuming you don't feel that value is reflected in current pricing? Just curious.

bugleheadd
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Re: Who is staying course and how are you dealing with net worth going down?

Post by bugleheadd » Thu Mar 12, 2020 11:09 am

down $50k in VTI so far from peak.

still going for $57k 401k contributions this year

might go all in with my play money $13k on SPY Puts to recoop some of the unrealized losses

Broken Man 1999
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Re: Who is staying course and how are you dealing with net worth going down?

Post by Broken Man 1999 » Thu Mar 12, 2020 11:11 am

I am staying the course, at least MY course. I am probably rebalancing today unless there is a huge increase before I place my exchange. I don't want to sell any of our treasuries, so I am doing the changes in our VA. I can go from a Total Bond Market sub-account holding to a Total Stock Market sub-account holding. Kills two three birds with one stone. I get rid of more Total Bond, pick up some Total Stock Market, and keep 100% of our treasuries.

I have watched our net worth decline before, so while I'm not excited about the events, I certainly understand these things happen every now and then. And, we are clearly in the now time frame. :(

I hope everyone takes an honest look at their ability to SWAN with their current AA. There is no shame in deciding you need to make a move to a portfolio that is less stressful. This event has certainly provided the opportunity to measure one's ability to hold their portfolio. But, investors also need to remember 20% isn't even that unusual of a decline, more decline is probable, IMHO.

Broken Man 1999
“If I cannot drink Bourbon and smoke cigars in Heaven then I shall not go. " -Mark Twain

BillyK
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Re: Who is staying course and how are you dealing with net worth going down?

Post by BillyK » Thu Mar 12, 2020 11:12 am

I am completely staying the course. When the smoke clears and the markets settle eventually settle down, I will rebalance as my bond percentages are increasing. However, I am buying all equities with new monies in my 401K, IRA and non retirement account.

The only time I haven't stayed the course during a crash was as a young inexperienced investor during Black Monday in 1987 when I sold equities as fast as I was able in a panic. Ever since, I have learned staying the course is a hard strategy to beat. Experience is a dear teacher.

BalancedJCB19
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Re: Who is staying course and how are you dealing with net worth going down?

Post by BalancedJCB19 » Thu Mar 12, 2020 11:16 am

Staying the Course.

Nothing changed. I still own the same amount of shares in the Vanguard Balanced Index Fund and I didn't lose anything because I'm not selling.

I let Vanguard rebalance so in a sense, I'm buying stocks cheap. No one gets hurt on a roller coaster if they don't jump off.
If there is one thing I want to stress to everyone who would listen. I said it a million times and I meant it every time - Stay the Course ~ John C. Bogle
I became a Boglehead for a reason. I don't want to worry about my investments. I intend to hold the Balanced Index Fund for life so why should I make my life more stressful by getting greedy and switching to stocks or lock in my losses by selling stocks.

theorist
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Re: Who is staying course and how are you dealing with net worth going down?

Post by theorist » Thu Mar 12, 2020 11:17 am

Not panicked, and still investing with my 70/30 asset allocation. Adding more $ as I find little pockets still available to invest. We are putting away enough that we’ve never been careful to scrounge up every last $ to invest in taxable after maxxing out our tax deferred accounts; but that seems worthwhile if we are going to have a fire sale on stocks.

One thing I’m curious about: the market is going to hit -30% or even -40% pretty soon judging by the vicious drops we are witnessing. And pretty clearly, bad news is going to continue to dominate the cycle for several weeks more; even if we follow the China case curve (which I doubt given our response relative to theirs), peak cases won’t emerge for a few more weeks. So I suspect this drawdown may go deeper than any possible economic justification, just because of rapidity of initial drop + lingering negative news cycle.

Of course if the efficient market hypothesis is right, I’m talking nonsense. Hopefully EMH holds water :-).
Last edited by theorist on Thu Mar 12, 2020 11:18 am, edited 1 time in total.

Rainmaker41
Posts: 541
Joined: Tue Apr 26, 2016 11:34 am

Re: Who is staying course and how are you dealing with net worth going down?

Post by Rainmaker41 » Thu Mar 12, 2020 11:17 am

I am less than entirely amused by the downturn. I checked the portfolio last night and from my rough glance we seem to have lost all gains from the last 3 years.

The main psychological advantage I feel we have is that "only" our retirement accounts are invested, and the losses there, however heavy, do not matter until retirement in 20-30 years from a certain point of view. I understand that losses are forever, because had we magically sold at the peak we'd have more capital to use in the recovery, but that is not actionable. We make sure we contribute to our retirement accounts automatically, but after that they are not really a factor in our lives or any decisions we make. I am also using the psychological ploy of pretending we don't make decisions. Technically, our IPS says we review retirement accounts at the end of each quarter and rebalance then if the allocation error is 5% or more.

If I was watching our non-retirement wealth go up in smoke (or if we were closer to retirement) I would be more troubled. I know that is an arbitrary distinction from the "everything is one portfolio" perspective but it is keeping me sane. Fortunately my wife was correct when she convinced me a few months ago that we should not invest our home down payment fund even though we don't know when we might start looking in the next few years.

We have the privilege (age, overall job & financial situation, etc.) to be able to say we will never capitulate and sell at a loss. Either the markets recover and grow again at some point in the future, and that is revealed to be the correct decision, or they don't and the world falls apart, and financial wealth is revealed to be less important than we all thought.

Beyond all that, this is my first bear market, and it is... exciting. :shock:
Last edited by Rainmaker41 on Thu Mar 12, 2020 11:19 am, edited 1 time in total.

camper1
Posts: 85
Joined: Wed Jan 01, 2014 12:39 pm

Re: Who is staying course and how are you dealing with net worth going down?

Post by camper1 » Thu Mar 12, 2020 11:19 am

I listen to "A Guided Meditation For When the Stock Market Is Falling" by JL Collins author of "The Simple Path to Wealth :happy

https://www.youtube.com/watch?v=OOGU94eL07E

Works wonders!

jcoll1
Posts: 52
Joined: Sat Feb 24, 2018 9:54 am

Re: Who is staying course and how are you dealing with net worth going down?

Post by jcoll1 » Thu Mar 12, 2020 11:22 am

atdharris wrote:
Thu Mar 12, 2020 10:29 am
My biggest concern will be my job, not my stock portfolio. I am in an industry that, hopefully, is not affected by the virus. My investments will come back.
I think l'd be concerned if the jobless rate started going up rapidly but as of now I'm in the buying mood.
jcoll1

dru808
Posts: 839
Joined: Sat Oct 15, 2011 2:42 pm
Location: mid pac

Re: Who is staying course and how are you dealing with net worth going down?

Post by dru808 » Thu Mar 12, 2020 11:23 am

i dont even care, won’t care till I’m 5 years out from retirement.
60% US equity | 25% International equity | 15% US Treasury bonds

Caduceus
Posts: 2729
Joined: Mon Sep 17, 2012 1:47 am

Re: Who is staying course and how are you dealing with net worth going down?

Post by Caduceus » Thu Mar 12, 2020 11:24 am

I don't know if this counts as staying the course, but I am throwing huge amounts of cash in the market and watching it evaporate!

I was 100% cash - 0% stocks at the start of 2020, and have been throwing money into stocks. It is strangely exciting - in a masochistic sort of way - to see your money "disappear" as quickly as you invest it. All the money I invested in mid-February is already sitting at -25% losses, so I really don't know how the folks who were at 100% equities are handling it.

To be honest, when markets go down so sharply in a short period of time, I think panic has taken over.

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