When the bough breaks.. stock market, housing, collector car

I know you didn't coin it just sayin it's hard on my ears

 

How's that investment looking now? Gas WAS $5+ a gallon. Today, I bought it for $4.35 and 20 miles down the road it is $3.99. Gas doesn't last forever so if you hold it too long, it won't be the same product you bought.

 

Fuel prices in California 1988 movie die hard
The good old days

 

Gas here in sunny SW Florida is still nuts, but it's down about .40 per gallon from it's peak.

 

I doubt you would find anyone in 1988 who thought that was cheap.

I've been rewatching "The Rockford Files". Gas was 80 cents back then (mid 70s). Not cheap at all!

 

That was cheaper than earlier in the decade IIRC.

 

Just a note here:

Best October in stock market history.

 

quoting to keep this for later. It’s a false economic system, the private western central bank is failing.

 

Despite your repetition of this nonsense there is no such thing as a the “western central bank”

 

Then where o' where has my IRA gone?!

 

Must have gone where my 401k went.

 

Don’t worry it’s just transitory...

 

I won't feel better until bacon drops back to $1.99/lb.

 

^^^ That'll never happen

 

This whole year has sucked
Mine is down 33 percent

But you dont lose till you sell.....
So i am holding

Scott

 

My 401k not only has lost about 25% of its numerical value, but the dollars that are still left are worth a lot less too. I am far poorer than I was before the pandemic.

And so are most of us.

 

Should have invested in diesel/home heating oil in early Oct.

 

The S&P 500 is down 14% since November 30th of last year. If you are down 25 or 33%, you've taken on a lot of risk. The value portion of the S&P 500 index is down about 0.7%. These are the banks, healthcare, and oil companies. The growth portion of the S&P 500 during that time is down 25.5%. So you were likely overly invested in growth stocks, long-term bonds, bitcoin/crypto or some combo thereof. Which means your asset allocation is off. If you are an active investor, when the Fed said it was going to start addressing inflation last year in November, that was the sign to reduce risk until it becomes clear the Fed tightenings will stop. If you aren't an active investor, you should address your asset allocation and reduce your risk profile and not worry about the market noise until closer to when you need to sell.

 

Sure, you can say you 'lost' 14-25% since the peak in Dec 2021, but you have to look at the longer time period.
- The S&P 500 is at the same level today as it was in March 2021.
- It's up 49% in the last 5 years, up 2600% since 1982.
It's only a loss if you look at the short term, long term is a substantial gain.