Really the same discipline as a casino. Set your limits and stick to them.
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Over the pandemic I invested the money that I “saved” that money I could afford to lose, I’m not selling and the money is locked away for @ lease the next 10 years in my mind
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Incidentally, I sold almost half of my portfolio in early April. Not because of inflation or Ukraine or any specific insights, but because I made a decision I was going to pay off my mortgage in a couple of months when the fixed rate runs out. Time will tell if my dumb luck continues 
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I’m with you. I am no crystal ball gazer and have no luck with market timing - my losses over the years are testament to that. Nevertheless, the winds of change have been obvious for months and the wiser people have taken appropriate action. It is clear that many people who have begun investing in the recent past have not seen what stares at others in the face. I think that every new generation of investors needs to go through this initiation rite (and no the pandemic was not the initiation rite).
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It’s obviously a difficult time, but history shows that if you do your research well, follow the lead of the likes of Buffett, think long term, fix stop losses if you can, and don’t easily panic, you will do well enough in the long term.
For my part I have invested in a good mix of stocks, most paying good divis, and I will use that divi income to add to the individual shares as much as is possible and wise to do so.
Although I’m not as young as I was, I’m prepared to ride out the incoming storm (if it happens), and will only change my portfolio if stop losses are triggered.
Good luck to all
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Interestingly, Michael Burry (of Big Short fame) is predicting an almighty market crash.
He said “People always ask me what is going on in the markets. It is simple. Greatest speculative bubble of all time in all things. By two orders of magnitude”
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Let us know when you decide to buy an holidays house abroad, a boat or an elicopter 
And yet……
Not saying he’s wrong, but he’s not always right either.
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Totally right, but I guess the difference in this case, is that he’s not the only one saying it.
That, and here’s the S&P500 going back to 1970. Anyone can see the recent rate of acceleration is unsustainable. What goes up…
What if it goes up 1000% after you sell. How would you feel?
as @bitflip mentioned it’s important to have goals/rules and stick by them
Another day, another sell off. Feels relentless since the start of the year.
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If the wealthy have already made their exuberant gains the past 5-10 years on portfolios & property and rebalanced, they can begin to take life easy and spend the next 5-10 years doing things of luxury with hardly a worry in the world.
Which is something I concluded last year. Being invested where the luxury money is going to be spent & enjoyed is somewhere i’d like to look into, yet a ‘lot of that is private… All of this is pretty obvious thinking and to myself, highly likely.
I would LIKE to have a stake in a luxury resort or Nobu, or even a safari lodge. All of this I see as strong places to be. Private equity could be interesting.
Or even better, a small-medium growing private equity company with a strong focus on luxury.
Americans are getting 9.60% on i bonds at the moment.
Getting some green today …that won’t last!
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This chart is misinformed without underlying valuation metrics. Earnings have grown exponentially given the compounding nature of returns.
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All I’ll say is I’m glad I’m not retiring tomorrow it’s not all red though
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Due to inflation in the units it is priced in (USD), you need to use a log chart over that timescale, or it would always look like that.
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moon ?
If he keeps on saying it he will get it right eventually……
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