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Old 06-15-2014, 10:30 AM   #21
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Join Date: Dec 2004
Location: the City of Subdued Excitement
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Poor boy. I 'lost' 50%. Except I didn't 'cause I didn't sell. We are way ahead since. Gotta have cojones, amigo.

My opinion is subject to change after I hang up the sliderule.

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Old 06-15-2014, 10:52 AM   #22
Full time employment: Posting here.
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Join Date: Apr 2012
Posts: 881
I do watch my account totals more, but more from a standpoint of content/amusement... watching the daily swings amazes me on how 20 years ago I might have worries, but now they do not. Also, I'm fortunate to also have a pension, so that the amount I need for retirement from savings/investments isn't a huge amount.

Even with a 20% loss we should still be alright. At the bottom in 2008-2009 we were down close to 25%, since we have a 50/50 stock/bonds+cash split. I was more concerned about getting laid off, as Megacorp was shedding workers and making it to my retirement eligibility date meant an additional 12K-13K towards my yearly pension. I felt a lot better after that date passed.

Current target FIRE date: June 2017 or +50K to the portfolio, whichever comes first
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Old 06-15-2014, 09:59 PM   #23
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Join Date: Jun 2014
Location: Sunny Southern California
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Here's a quote that I like a lot. I think that it is applicable here as people get caught up in irrational exuberance. But to be fair, I do monitor my portfolio quite often too ;-)
"… as a bull market continues, almost anything you buy goes up. It makes you feel that investing in stocks is very easy and it's very safe and, most important of all, that you're a financial genius… so it induces a dangerous feeling of invincibility…"

~ Ron Chernow (American writer, journalist, historian, and biographer of business, finance, and American politics)

I used it in my book too ;-)

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Old 06-15-2014, 11:10 PM   #24
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For many years, I watched my accounts everyday. Now that I have trouble running Quicken on my main computer, it is not that often anymore. Still, I track my account balances on a monthly basis and have done so since 2001. At times, like now, we have had a very concentrated portfolio (company stock). Ten to fifteen percent swings from one month to the next are fairly common. Account balances are up 14% this month for example. They were down almost 12% in April.

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