Investment Account....down, down, down

It's the absolute worst time to do that. Stop checking. If you have a well balanced portfolio with smart investment choices, it will almost certainly rebound in time. But not if it's in something that barely has any returns like a savings account. Seriously, stop checking. These are long-term investments, which means downturns are inevitable. You've got to accept that to have the gains over the long run too.

that's why i can't look at my investments every day right now. this is not a good time but the market has been through this in the lifespan of my investments. i just have to keep telling myself that, in the big picture, the market has gone up historically. i could have panicked in March 2020 when the market nosedived due to the pandemic but look what happened later in 2021. now is not the time to panic. now is the time to invest when you couldn't a while ago because the prices were so high.

Oooh you’ve got to fight the instinct to stop buying or even sell when market is low. If anything you might want to buy more when things are low.
Or just don’t check the market. You’ve got to be in it for the long term.

Eta - the thing I’m a little bummed about is our house - we’ve been thinking of selling but our value has dropped like $400k recently- oh well might as well hold onto it anyway for a bit more. Thankfully we have no strict timeline.

Yup, this. 💯

buy low and sell high - now is a buying season not a selling one.

If you sell now - you lock in those losses - but if you hold on and wait for the market to turn (and historically it always has), then you should recoop the losses and then some.

This. Yes it is painful just be thankful you (hopefully) don't need the money now. Let it ride.

We just set up 3 new investment accounts, one for each kid and one for us with some money we've had sitting in savings for a while.

I just don't look--and I'm doing ok.

Yup. We’ve saved for over 30 years for this moment. DH is retiring from the Air Force and we are set to buy a house. Instead, we signed a lease yesterday. Interest rates are still going up, housing prices have softened only a little, and our down payment is tied up because the market has tanked. We’re hoping that it’s better in the spring.

i am not checking, i sold my house when marriage ended and took proceeds of the sale of my home and invested. i had to, couldn't afford to buy anything in our market anyway. i will work for next 10-12 years anyway so have to hope it bounces back by then. my fingers are crossed because this is all i have now. doing a small deduction from my pay (works out to $120/month) and hope that is "buying low" and will be to my benefit.

my biggest concern is $$ invested in RESP for my boys - my one son will be going to university next september, hoping it doesn't take too big of a hit between now and then.

Do your due diligence but I've heard of people taking out loans and then paying with college funds before the loans come due. I'm sure there can be issues with this so like I said do your due diligence but worth a look if it may help you in your current situation.

We had investments and got out just before it all tanked the last time. Now we just have high yield savings accounts and those (while not super high) are doing well over all since rates are climbing. We have several CD’s that are rolling over at much higher rates than they were at. We did a refi on the house when rates were in the 2’s and that’s been a huge money saver! I’m very thankful I don’t have money tied up in the stocks and bonds and funds right now!

But, our property taxes went up $1800 this year because our house was able to be reassessed back up to what it was at the peak of value (bitches!) now it can only go up 2% a year. Our taxes are now more than 1 of my monthly paychecks! I’m the working parent, dad is a SAHD. That super sucks!

And apparently there’s a measure on the ballot to raise sales tax in my county 1% more. Um, no thank you! Im squeezed enough in California!

Savings account interest is so low! I wish it would earn a little something.

My bank is offering a short term money market. Minimum $10K at 3.75%. I have to keep a fairly decent amount of ready cash to purchase calves and crop inputs - but for that amount of time I can put a fair amount in. I am looking at buying calves in December this year (usually March or April) and I buy all my agronomy inputs in December - so I can't put it all in.

It's just crazy. Ours has gone down too, but we also have a very healthy savings account, and our interest on that just recently went up, so we made $354.98 in interest this month.

Fortunately, apart from rent every month, we don't have any large purchases. We have one car, and it's paid off, and no student loans, as those were paid off ~5 years ago.

I don’t look at it until I get a statement. And then I wince and file the statement and go on with life. The stock market has always rebounded, I’m not reliant on money from investments for my everyday expenses and I have cash on hand for any emergency that could arise. Not going to stress over the stock market. I’m in it for the longer haul so the best thing is to wait it out.

edit: I actually got my accounts statement in the mail this afternoon. Yep, it hurts to see the numbers and the charts and all the info. But I’ll file it when I go upstairs and put it out of my mind.