“If you are slightly less panicky, you could realise that even losing 10%, IF you’ve been in for a couple of years you still come out ahead...”
And that’s the key. No need to panic as long as you have enough in there and it’s been kicking around awhile, even a drop won’t kill you. I feel pretty ok about the trajectory, even if there’s a major correction.
As much as I feel miserable when there is a correction, I really need one. Because I’m still in “invest” mode, because I’ve got years until retirement. So it feels good to suddenly have more money, I don’t have more money, because I can’t sell off, I’m still buying every week, and I’ll make a lot more money if the market corrects and comes back, then if it just keeps rising.
I lost a ton of money in 2007, but I made a ton more between 2009 and 2012.
As I said, I want the Dow to be at 20,000 when I retire. And if I could, I’d like it to be at 10,000 the day before I retire.