A plunge in the stock markets is ~3.5% in a month and just means that the future returns of capitalism are available on sale; limited time offer. A plunge in the cryptocurrency markets? Yeah, a bit different, that.
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Replying to @patio11
So I shouldn’t read much into losing $5,000 in the past two days?
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Replying to @brandonsavage
If you lost it in cryptocurrencies then that might be further indication that one should not be in cryptocurrencies. If you lost it in the stock market and you're actively trading, that is further indication to not actively trade. Otherwise it's basically noise right.
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Replying to @patio11 @brandonsavage
This is one reason why I have my target allocation, revisit it once on my birthday, and don't look at the brokerage account balances otherwise.
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Replying to @patio11
So that you don’t get caught up in the noise, or worry. That makes good sense.
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Replying to @brandonsavage
Yep; my general recommendation. (I will confess that I have a bit of a gambler in me and have a slight variation on this; I have one account that I treat as World Of Warcraft With Slightly Better Loot, because I've found I'm better able to stick to the plan if I do.)
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Replying to @patio11
I guess I’d feel better with noise if this wasn’t my first month as an investor.
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Replying to @brandonsavage
You've got 20+ years left in your productive career rights? This is a non-event for you long term. Taking the liberty of showing a screengrab from one of my index funds, which I've quietly chipped money into since Bingo Card Creator made me eligible for a Roth IRA (2007).pic.twitter.com/4N7Q9jfOxG
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(I could keep going for every year between 2011 and 2017. Only the last two lines of it would be red. Not that *that* is a given, but over the long term, as closest thing to a given as one gets.)
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Replying to @patio11
Thanks. You make a compelling argument to put away the loss cutting shears.
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