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01-24-2022, 11:06 AM
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#1
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Dryer sheet aficionado
Join Date: Oct 2021
Posts: 27
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Market Volatility
This is a great day to watch some old Peter Lynch or Jack Bogle videos. I just retired and this isn't fun, but I'm not touching my investments. 
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01-24-2022, 11:52 PM
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#2
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,331
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Good decision! Doing nothing with investments when the market drops, has worked nicely for many of us. Besides, since you just retired, you have other, more important things to do - - relax, shed any leftover work stress, and enjoy your retirement.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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01-25-2022, 05:12 AM
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#3
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Thinks s/he gets paid by the post
Join Date: Dec 2015
Location: Michigan
Posts: 4,651
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My favorite old time money guy was Marty Zweig on Wall Street Week.
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"The mountains are calling, and I must go." John Muir
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01-25-2022, 06:21 AM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 20,653
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Here’s what the Dow Jones looks like in the long run from 1970 to now - including 1987, 2000, 2008-09. I’m sitting tight like always, those worked out great…
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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01-25-2022, 06:31 AM
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#5
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,764
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"Don't just stand there, do nothing," I believe is a quote from JB.
__________________
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
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01-25-2022, 09:24 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Oct 2017
Location: Tellico Village
Posts: 2,514
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If you are nervous this early in the correction, you better adjust your allocation after the market recovers- and it will recover.
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Retired May 13th(Friday) 2016 at age 61.
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01-25-2022, 09:28 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Sep 2013
Location: Cincinnati, OH
Posts: 4,246
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History shows whatever correction may be happening, just stay invested and ride the recovery. From the old saying "Time in the market beats timing the market".
__________________
The problem isn't artificial intelligence, it's natural stupidity.
You can't spend yourself to prosperity.
Semi-Retired 7/1/16: working part-time (60%) for now [4/24/17 changed to 80%]
Retired Aug 2, 2017; age 53
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01-25-2022, 09:31 AM
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#8
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Moderator Emeritus
Join Date: Aug 2007
Location: Northern Illinois
Posts: 16,237
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Many moons ago I thought I could time the market. I could see a bubble coming at y2k.
Went to cash at about the right time. But mistimed getting back in.
My boss and I had similar 401k balances at the beginning of the y2k downturn. I got out. He didn't. I was $100k behind him when I got back in. I never did catch him after that. Learned my lesson to never try to time the market.
I haven't taken money out of the market since and I won't this time either.
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01-25-2022, 09:43 AM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 49,830
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 Quote:
Originally Posted by Ronstar
Many moons ago I thought I could time the market. I could see a bubble coming at y2k.
Went to cash at about the right time. But mistimed getting back in.
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Y2k was the one and only time I timed the market successfully with my 401(k) funds, both getting out and getting back in. I realized in hindsight it wasn't skill, just luck. Promised myself I'd never tempt fate again.
__________________
Numbers is hard
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01-25-2022, 09:52 AM
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#10
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Recycles dryer sheets
Join Date: Aug 2013
Posts: 398
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Ron star - Thank you for sharing your real life experience !
We all need these reminders from time to time.
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01-25-2022, 11:11 AM
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#11
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 20,653
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Quote:
Originally Posted by Ronstar
Many moons ago I thought I could time the market. I could see a bubble coming at y2k.
Went to cash at about the right time. But mistimed getting back in.
My boss and I had similar 401k balances at the beginning of the y2k downturn. I got out. He didn't. I was $100k behind him when I got back in. I never did catch him after that. Learned my lesson to never try to time the market.
I haven't taken money out of the market since and I won't this time either.
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I knew the 2K big correction was coming too, even told DW before it happened, the only one I “predicted.” But the CG tax hit would have been awful so I didn’t sell anything. Turned out great…
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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01-25-2022, 11:13 AM
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#12
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Recycles dryer sheets
Join Date: Apr 2021
Posts: 162
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I'm looking at doing some Roth conversions when my investments drop 
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01-25-2022, 11:21 AM
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#13
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 36,798
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This has been a long time coming, and I’m not convinced it’s really here yet either!
I’ve seen terrible volatility - 2008, 2009, 2002. Even briefly in 2020. This is a calm series of drops.
__________________
Retired since summer 1999.
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01-25-2022, 12:26 PM
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#14
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2017
Location: City
Posts: 9,986
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Quote:
Originally Posted by VanWinkle
If you are nervous this early in the correction, you better adjust your allocation after the market recovers- and it will recover.
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WADR I disagree. If someone nervously but successfully rides this one out, that ought to confirm their AA. Only if they bail and run screaming for the doors is there a reason to reconsider the AA.
DW and I have been riding these out since October '87. It gets easier every time. It's now to the point where we just laugh at gyrations like we're seeing this week.
__________________
Ignoramus et ignorabimus
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