FUEGO
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Nov 13, 2007
- Messages
- 7,746
This thread may be more appropriate in the Young Dreamers forum, but is anyone missing the times earlier this year when the Dow was hovering around in the range between 7000 to 8000? Those were scary times for sure, and I figured there was a small chance the world just might end soon. But what good times for buying in, DCA'ing, and rebalancing.
In the face of fear, I also knew that those days would probably be some of the best investing opportunities of my lifetime. I was sort of hoping we would see the Dow (and the broader US and international markets) float along in a malaise in the 7000-8000-9000 range for a number of years before staging any kind of real rally. A prolonged period of buying in cheap would quickly reduce my projected FIRE date. Maybe we still are floating along in Dow 7000-9000 territory, just experiencing a brief breakout before a renewed crash (as some have suggested here).
I know this will probably send me to FIRE hell for saying such blasphemous things, especially since many of you already FIRE'ds are waiting for your portfolios to rebound. But I'm sitting here with the highest portfolio values I have ever seen and wishing I could buy more investments at 30-50% less than today's valuations that we saw in November 2008 and Feb-Apr 2009.
However I still think I will be looking back on Dow 9400 after a number of years and thinking how cheap the market is at this point.
In the face of fear, I also knew that those days would probably be some of the best investing opportunities of my lifetime. I was sort of hoping we would see the Dow (and the broader US and international markets) float along in a malaise in the 7000-8000-9000 range for a number of years before staging any kind of real rally. A prolonged period of buying in cheap would quickly reduce my projected FIRE date. Maybe we still are floating along in Dow 7000-9000 territory, just experiencing a brief breakout before a renewed crash (as some have suggested here).
I know this will probably send me to FIRE hell for saying such blasphemous things, especially since many of you already FIRE'ds are waiting for your portfolios to rebound. But I'm sitting here with the highest portfolio values I have ever seen and wishing I could buy more investments at 30-50% less than today's valuations that we saw in November 2008 and Feb-Apr 2009.
However I still think I will be looking back on Dow 9400 after a number of years and thinking how cheap the market is at this point.