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April YTD

May 1st, 2022 at 08:27 pm

Well retirement is down $140k and if it wasn't for our windfall I think we'd be substantially more. Probably in the ball park of $250k.  I have already had to talk to multiple friends and clients into staying invested and not being spooked.  And when asked I said I can see it dropping another 10-20%.

But what do you do?  Nothing. If it makes you nervous wrong asset allocation.  If you just leave it invested or invest more well then you know what type of person you are.  I am kicking myself for buying more amazon and google before their big drops. 

I invested all of our windfall.  A portion was put into a 10 month CD paying 1.1%.  That's to pay our taxes.  Then I dumped $150k into the 529s VOO this month.  Bad timing?  Probably and they will need it in 6 and 8 years.  But truthfully that's a long time to ride it out and I the only thing I could do is invest monthly.  But really just leaving it alone for the next 6 years.

Does it make sense to rebalance and put into more conservative investments?  Most people would but i am not.  Why?  Because here's the question someone asked me.  Will it matter what the balance is in 6 years?  Answer is NO.  I am paying for college no matter what so I might as well aggressively try to maximize our investment for college.  And what people don't realize is that you don't use all of it in 6 years, I will need it 6-9 years for one and 8-11 years.  So that's a long time to ride out the market.  Retirement is more iffy because we need to fill our buckets, but knows?

3 Responses to “April YTD”

  1. rob62521 Says:
    1651448619

    I'd say you are right...ride out the market unless you need the money immediately. That is our intention, anyway.

  2. Lots of ideas Says:
    1651536637

    My opinion on the market crosses into politics.

    Yes, the war in Ukraine on top of covid is causing disruptions, with a whole lot of corporate greed mixed in.
    Some losses - like Peleton - are the result of changing conditions.

    But underlying it all, I strongly believe, is market manipulation to damage the reputation of the current administration.
    This isn’t structural like 1987 with the savings and loan failures or 2008 with misuse of mortgages.

    We’ll have a bumpy Summer, but whatever else happens in November, the market will come back.

    I’m holding…

  3. LivingAlmostLarge Says:
    1651556057

    As am I. I am unsure what will happen but it'll be an interesting 2022 for investors. So many young investors have never seen stocks or housing ever go down.

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