1Sem.
Wow, 10 years of sideways movement / a steep decline, and only a slow recovery? That's certainly a bleak outlook.
•
22
•
1Sem.
@Epi Anything can happen! I don't see it quite as dramatically as you do, but I can definitely imagine things getting a little rocky at some point! Especially given the U.S.’s ever-rising debt!
But that doesn’t mean I’m going to panic and sell everything! If things do go south, I’ll just let my savings plans run their course and that’ll be that 😉 I’m 34 and definitely won’t need the money from my portfolio for the next 15 years!
But that doesn’t mean I’m going to panic and sell everything! If things do go south, I’ll just let my savings plans run their course and that’ll be that 😉 I’m 34 and definitely won’t need the money from my portfolio for the next 15 years!
•
11
•1Sem.
@BavarianLion Exactly. A lot depends on your personal circumstances. At 34, there’s hardly anything better that could happen to you than 10 years of low prices. For a 65-year-old about to retire, the situation is different.
In any case, though, you should mentally prepare yourself for such a phase so you don’t make any bad decisions.
In any case, though, you should mentally prepare yourself for such a phase so you don’t make any bad decisions.
•
22
•1Sem.
@Epi I may have poured all my savings into the Zollcrash, but my savings plans are set for at least 15 years! My cash ratio in my portfolio is “unfortunately” only 5% right now, but I have a good cushion thanks to the great buy-ins from the Zollcrash! Many of my holdings are up between 50–80%! If things ever crash, I’ll delete the Scalable app from my phone—that’s it 😂 At least then you have the psychological advantage of not constantly checking your portfolio 😉
•
22
•1Sem.
@BavarianLion I can't comment on your investments. But be aware that the market doesn't care about your cost basis, and it will ruthlessly exploit your psychological trap—the anchoring heuristic—against you. You can still free yourself from it and, where appropriate, take profits every now and then.
•
11
•1Sem.
@Epi Well, I haven't experienced a truly prolonged crisis yet! I can "only" talk about COVID-19, 2022, and the stock market crash! I went all out buying more shares during those times, and I haven't regretted it!
•
11
•1Sem.
@BavarianLion "Buy the Dip" was exactly the right strategy over the past 15 years! In the 10 years before that, it was exactly the wrong one. Only the stock market gods know which strategy will be the right one in the next 10 years. But I don't think it will be 100% "Buy the Dip."
•
11
•1Sem.
@Epi I completely agree with you! I might also start thinking about how to adjust my portfolio in the near future!
•
11
•1Sem.
@BavarianLion It's better to think things through beforehand than to have a headache afterward. 😬
I would really welcome a discussion here on the forum about strategies for getting through an interest rate crisis.
I would really welcome a discussion here on the forum about strategies for getting through an interest rate crisis.
•
11
•