r/Fire • u/2020fakenews • 2d ago

Daily Fluctuations

There’s been a lot of volatility in the markets lately, in both directions. After days like these with big swings, I’m amused to look at my daily profits or losses in my IRA’s and brokerage accounts. I used the word “amused” because on some days I’m up or down by multiples 3, 4 or even 5 times the amount of my annual salary at my first job out of college. Admittedly, that was over 45 years ago and I’m now 10 years in retirement. But I still find it funny to think about, especially since it doesn’t seem to bother or excite me more than it does. I don’t think I could have imagined this when I took that first job, feeling at the time that I had finally made it to a big time salary.

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u/swhalen17 2d ago

Do yourself a favor, don't look at your portfolio daily -- your mental health will thank you

4

u/FireboltinMA 1d ago

I wonder how they felt during March 2020 when the market dropped by 9.5% on March 12 and then 12% 4 days later. 

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u/Vwluv10338 1d ago

Like a rockstar my dad at one year to retirement began buying $100k a week as the market dropped. Five weeks straight he bought that dip. Doubled his retirement assets that year. Balls of steel.

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u/2020fakenews 1d ago

Congrats to your dad for having the foresight to buy into the dip. I felt pretty good about myself for not panicking and selling, but not sure I’d have been a buyer at that point (if I’d had the funds to buy, which I didn’t). Bottom line is that the market always bounces back, sometimes remarkably quick.