3 ms·

> These sorts of outlooks are notoriously hard to predict The gut feeling you're about to lose your life savings isn't worth it for a lot of people, when I had

> These sorts of outlooks are notoriously hard to predict The gut feeling you're about to lose your life savings isn't worth it for a lot of people, when I had most of my money invested it was always in the back of my mind. I cashed out and bought land/started building a multi generational house. All doubts and fear disappeared overnight, I'm for sure losing money compared to going all in on Nvidia or even btc, but I don't need any mental gymnastics to rationalize my choice.

chasd00 1y ago
> I cashed out and bought land/started building a multi generational house interestingly, my wife and I have discussed this a lot too. We have 20 acres in SE Oklahoma that we got a really good deal on during the pandemic, the land is unplatted and the realtor didn't know there was water and power service already setup by the previous owner. We want to build a small cabin/house over the next couple years. It's like a retirement backup plan, "if everything goes to hell we can still go sit on our land in OK and watch the sunset..."
- anon291 1y ago
  > if everything goes to hell we can still go sit on our land in OK and watch the sunset..." No you can't.
  - Fade_Dance 1y ago
    The sweet nuclear summer glow from the back porch is an ambiance simply unequaled.
anon291 1y ago
There has been no point in history where anyone lost their life savings investing in equities. Never touch your portfolio except to rebalance and only rebalance based on risk, not the market. When the market goes down, delete your banking apps and reset your passwords to random characters. Never sell
- Fade_Dance 1y ago
  Quite conversely, if your equity portfolio is going up tens of thousands of percent yearly, that's when you should be sounding the alarm...
  - anon291 1y ago
    Unless you plan on withdrawing in the next few years, you should actually just do nothing

chasd00 1y ago

> I cashed out and bought land/started building a multi generational house interestingly, my wife and I have discussed this a lot too. We have 20 acres in SE Oklahoma that we got a really good deal on during the pandemic, the land is unplatted and the realtor didn't know there was water and power service already setup by the previous owner. We want to build a small cabin/house over the next couple years. It's like a retirement backup plan, "if everything goes to hell we can still go sit on our land in OK and watch the sunset..."

anon291 1y ago
> if everything goes to hell we can still go sit on our land in OK and watch the sunset..." No you can't.
- Fade_Dance 1y ago
  The sweet nuclear summer glow from the back porch is an ambiance simply unequaled.

anon291 1y ago

There has been no point in history where anyone lost their life savings investing in equities. Never touch your portfolio except to rebalance and only rebalance based on risk, not the market. When the market goes down, delete your banking apps and reset your passwords to random characters. Never sell

Fade_Dance 1y ago
Quite conversely, if your equity portfolio is going up tens of thousands of percent yearly, that's when you should be sounding the alarm...
- anon291 1y ago
  Unless you plan on withdrawing in the next few years, you should actually just do nothing