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Ask HN: How to deal with markets down turn? Feeling down

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Re: Ask HN: How to deal with markets down turn? Feeling down

#131

Post by noloblo »

jeremyt wrote: post #109
sillysaurusx wrote: post #105

Earlier quoted context omitted.

For what it’s worth, you can convert your losses into a few thousand upvotes on https://reddit.com/r/wallstreetbets

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

Re: Ask HN: How to deal with markets down turn? Feeling down

#132

Post by czbond »

ISL wrote: post #44
czbond wrote: post #35

Earlier quoted context omitted.

In the markets, the hardest thing to mentally is usually the correct one over time. The markets goal is to trick everyone - so you have to be strategically, but intelligently, able to craft contrarian perspectives.

Markets don't have a goal. They just don't care.

"Markets" don't, but the market makers do. And that is to take all your cash while making you think you are making sound decisions.

Re: Ask HN: How to deal with markets down turn? Feeling down

#134

Post by baby »

jeremyt wrote: post #81
thehappypm wrote: post #37

Earlier 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…

Same here. My biggest bets were facebook, uber, and netflix, and they went down the most. Still, I still think that there’s no way these companies won’t continue their growth so I refuse to sell.

Re: Ask HN: How to deal with markets down turn? Feeling down

#135

Post by sgtnoodle »

bwb wrote: post #61
StopTheWorld wrote: post #39

In 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.

It sounds like their timing isn't bad, though.

Re: Ask HN: How to deal with markets down turn? Feeling down

#136

Post by wpietri »

writeinpencils wrote: post #120
pseudoramble wrote: post #10

My perspective is a bit different since I don't have stock options, just plain retirement and such. So, take this with that in mind. I would recommend giving yourself a break from following it. My reasons for not looking are these: Values of assets change a ton day-to-day, and a year or two from now who knows what it will look like! I also don't have any control over prices. I could shuffle assets around, but again I…

This is something covered very well by Taleb in "Fooled By Randomness." Simply by exposing yourself to random fluctuations on a shorter cadence, you are experiencing stress reactions that would never occur if you checked it on a less frequent cadence. Anyone who has played fantasy football will be familiar with this. If you check your players' scores every five minutes, it is infinitely more stressful than just check…

Exactly the book I came here to mention.

I used to write software for financial traders, so I know it's possible to make money by following second-to-second shifts in the market. But it's a zero-sum game, and I saw our traders take a lot of money from people who were responding to second-to-second shifts in the market.

These days I put my money in long-term investments and then look at them every few years. The other day I saw mention of the big market price jumps. I thought, "maybe now's the time to rebalance things?" And then I sat very still until the urge passed, because reacting to headline news strikes me as a great way to lose money.

Re: Ask HN: How to deal with markets down turn? Feeling down

#137

Post by YZF »

Are those stock options for a public company? If not, I don't know if this would cheer you up or not, but you should have assumed they're worth zero anyways.

With respect to the market it goes up and it goes down. If you have a good portfolio and you're invested for the long term just ignore it. To help you feel better look at how quickly the market recovered in the dot com bust, and in 2009. Keep dollar cost averaging. Never put any money into the market you might need in the short or medium term, stocks are for long term investment.

Re: Ask HN: How to deal with markets down turn? Feeling down

#139

Post by Lionga »

atemerev wrote: post #66

According to the Buddhist doctrine, thinking of temporal things as if they were permanent is the chief source of human suffering. Certainly it does apply to economic growth.

Everything is temporal so the conclusion is to not think at all?

Re: Ask HN: How to deal with markets down turn? Feeling down

#140

Post by esalman »

throw0101c wrote: post #19

> Market is collapsing. If you are not retired, then markets being down are a good thing, because everything is "on sale" / at 'discounted' prices. At least for the US† (S&P 500, NASDAQ, Russel 2000), the historical 1-, 3-, 5-, and 10-year returns after a 25% drop are quite good: * https://awealthofcommonsense.com/2022/10/getting-long-term-b... If you've been foolish enough to cash out—which should really never been…

Any advice for those who are retiring?
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