The market goes up more often down down. Holding Cash or staying on the side means you time the market in the wrong direction. Still, you do have $4M, so either you are doing better than you think or you have high income.
The trick I used are:
The trick I used are:
- I think that the money is for the future, so any short term changes don't matter.
- Avoid financial news. I skip over title like crash in {insert your date}.
- Don't look at the account too much. Watching it rise and fall everyday only make you ill.
- My Paycheck is my Dollar Cost Averaging. Each paycheck pays into the 401K, which auto invest in the allocation I want.
- My annual backdoor Roth is just another DCA, but every year.
- Being totally lazy and not fiddle with the portfolio. Investing with index funds works best if you don't mess with it much. You don't even need to rebalance every year, just whenever the allocation is off.
Statistics: Posted by gavinsiu — Fri Mar 22, 2024 11:03 pm — Replies 23 — Views 1715