I suggest reading a really good book, or if you're feeling ambitious perhaps you could start writing a really good one.
I recently finished „The Song of Achilles“. Beautifully written and riveting.
Ask HN: How to deal with markets down turn? Feeling down
151–160 of 228 posts
Re: Ask HN: How to deal with markets down turn? Feeling down
#152Sorry that this happened. You're not alone feeling this way. I have lost about 95% of my liquid net worth this year, due to hubris, basically. The first half of 2022 for me was waking up every morning and feeling like puking a little as I get more under water, closer to that margin call, plunging through my stops. After almost a year of this, I have found a perspective that is helpful for me and may be helpful for yo…
This is insightful and self-reflecting. Thanks for sharing it.
Re: Ask HN: How to deal with markets down turn? Feeling down
#153Earlier quoted context omitted.
I know you're joking, but as much as i've learned that my self worth doesn't come from making money, it doesn't come from bragging about losing it either :)
It is my firm belief that you are meant to learn certain things in life, and your subconscious very carefully and meticulously arranges your life circumstances to learn these things. This is why you often find yourself shaking your head and saying "I got myself into this". @jeremyt care to elaborate on this thesis and wondering how you came to this conclusion, was it a self journey
I was attempting to keep religion out of it, but this is the Buddhist worldview.
I believe that my soul chose this life to learn what I'm learning. And whether I'm conscious of it or not, the "higher self" part of me hangs around in the background to ensure that I learn what I need to. This isn't typically what one would expect from what other religions would call a "guardian angel", but that's kind of how I see it.
Like, sometimes I can't take losses. That's deep family karma from being afraid of being poor. However, being unable to take losses means that you make poor decisions. Not being able to make good financial decisions makes people poor, and just continues the intergenerational cycle of poverty.
So, my unconscious "higher self" carefully arranges events such that I encounter maximum pain for going along with this karmic thing I'm supposed to transcend. The pain facilitates the learning, and thus the freedom from the karma.
Ultimately, the point of existence is to experience everything that can be experienced in every lifetime and learn everything that can be learned, resulting in ultimate freedom from karma and liberation from the cycle of birth and death.
Or, you can just meditate a lot, and I guess I'm working on that.
Re: Ask HN: How to deal with markets down turn? Feeling down
#154Is this your first rodeo?
Re: Ask HN: How to deal with markets down turn? Feeling down
#155Be aware that: 1) we're likely in a declining/sideways market for at least another year until inflation subsides, possibly longer 2) the Fed has most of the control over the inflation/deflation levers (on demand side) 3) markets will most likely recover over the long term, historically speaking The Fed is purposefully reducing their asset holdings and increasing interest rates to slow down demand, which in theory sho…
"markets will most likely recover over the long term, historically speaking" tell that to the Nikkei index. At this point you'll have been waiting 40 years for the recovery. https://www.macrotrends.net/2593/nikkei-225-index-historical...
Does this statement hold true when accounting for total returns, including dividends?
Re: Ask HN: How to deal with markets down turn? Feeling down
#156In January 2021 the market seemed overheated so I mostly cashed out, and sold a lot of my 401K stock, putting it into safer assets. From May to September as tech indexes got cheaper I began buying them up in my rollover IRA. Two and a half weeks ago I started loading up on tech indexes with my spare liquid assets - I am down about 2.3% on that right now. I still have some spare liquid assets, but it's easily possible…
Timing the market is luck :) If you want to be wealthy stay in it and wait 30, 40, or 50 years. It isn't a get rich quick scheme.
Such a dogma...
Re: Ask HN: How to deal with markets down turn? Feeling down
#157Earlier quoted context omitted.
What was your motivation to invest in such a way that 95% loss was even possible?
To make money, why else? Look folks, this wasn't my retirement money, it was money I didn't particularly need and had no idea what to do with. It always worked for me before. My investing history is a long string of huge successes beginning in 2014. I've always invested in companies I believed in and that had solid fundamentals. It appears the market doesn't give a shit about company fundamentals right now. Most smal…
> It appears the market doesn't give a shit about company fundamentals right now.
I don't think it ever did. I think it's all about the free money pouring into the economy due to low interest rates set by the federal reserve. They turned off that tap, the flow stopped and the economy screeched into a halt.
Re: Ask HN: How to deal with markets down turn? Feeling down
#158I’ve never had stock options in the first place if that makes you feel any better.
Re: Ask HN: How to deal with markets down turn? Feeling down
#159Fidelity did a survey of thier customers whose 401k did the best over the years. The most popular response (about 1/3) was 'I don't have a 401k at fidelity'. They had forgotten about it and left it alone to grow through good and bad. If you know how your investments are doing you know too much
This mentality worked for the past 40 years but it won't work for the next 40 years.
Re: Ask HN: How to deal with markets down turn? Feeling down
#160I will never forget the words of a previous tenant of mine. The profile is silicon valley worker, remote outside the us due to the pandemic, total “comp” 500k: “i dont invest in real estate because its too much hassle and i made my money on the stock market with shares earned from my employer”. Fast forward to the onset of the market crash, my real estate sold, his “portfolio” down one million. I feel sorry for him but i am glad i went the only way that can’t fail (unless there’s excessive taxation): real estate. You dont get rich but boy am i doing fine.
Getting back to your question, i’d wait it out. Markets go up and down all the time.