34 years old, invested an unexpected windfall (about 5 times yearly income) all at once in May 2018. Was up 5 % in August, now down 8% in total. Looking at percentages, this is nothing to go crazy about. But looking at the actual numbers, I keep thinking 'I have lost a year's worth of savings', 'I'm losing money faster than I can save', etc.
I haven't changed anything in my portfolio. Done what you're generally supposed to, picked a strategy and sticked with it. All I can say is, this goes not without serious stress, and you can't really anticipate your actual risk tolerance until you are forced to test it.
I think this is generally not appreciated enough on this sub (and r/personalfinance likewise); knowing your personal risk tolerance, while being extremely important when setting your investment strategy, not only depends on your age and income situation, but also on the amount of money you have in relation to what you can save from your income. I am by all means in a healthy position financially, but I'll admit it; I felt less concerned about money before I got the windfall.
Submitted November 21, 2018 at 11:23AM by gitwiz89 https://ift.tt/2BotNwb
