The end as we know it…
Stock markets are kind of freaking out at the moment. Our holdings are down over two million yen so far and it seems like things are just getting started.
This is very interesting for me as it’s the first correction I have had money in, so it’s the first time I have had a chance to observe my reaction to stock market ‘losses’.Ā
So far so good. I am quite enjoying this. I just wish I had more cash on hand!
Just remember that paper losses (or gains) are not real until you sell. Don’t sell anything you don’t need to.
This could be a good chance to buy as well š
How is everyone doing out there?
I am freaking out. Not selling or anything, just seeing my “date” for early retirement slipping away from my fingers. Not a great feeling if I may say so, but I’d rather have this happen now, than in the beginning of my ER
I can kind of understand the feeling. My ‘date’ is indefinite, so I’m not particularly worried. When were you hoping to retire?
Nothing has changed since last week except that people are freaking out, so I’m quite happy to buy stocks on sale.
My date tends to shift depending on how much risk I’m willing to put into my plan, but my aggressive target was 2017. This kind of downfall could push it to 2019… š
I noticed that having my money in dollars increases the risk for me in cases of market selloff, because people tend to buy Japanese Yen during that time. So not only does my portfolio lose value in dollars, the dollars themselves are worth less Yen, meaning I’m double-impacted (given that I plan to get back to Japan and live on the US-based portfolio).
So I’ll need to think about this…
We’re now down over 5 million yen on paper! This is a more complex feeling š
I’ve been through this before and rode it out taking huge losses on paper feeling totally helpless as the $$$ I bought at Ā„145 per to invest in tech evaporated . Be assured that people with cash assets are looking for the bottom and will jump in to take advantage of the panicked sellers. Buy low and sell high are all you need to remember.
Good advice! I am planning to buy in chunks as long as the markets keep dropping.