I have no time lately, so I wasn’t going to post today. My full time job is keeping me very busy. So is the bathroom remodel. And wow, Mrs. 1500 just started a sweet gig*. Life is good, really good. Just hectic.
However, I read something on Wednesday morning that I had to post. First, I need to explain some of my thoughts.
One of the side effects of blogging, for me anyway, was that I started paying a lot more attention to all things financial on the Internet. Way back in January 2013, I remember reading comments and articles from various people who were ‘staying out of the markets because of the extended bull run.’ If you did that, you missed out on really incredible gains:
Lately, I’ve been hearing others beating the same drum with increasing frequency:
The financial mainstream market media goes bleat, bleat, bleat.
This cheap “news” from the not-so-deep sheep should be relegated to the garbage heap. These headlines are meant to scare you so that you click on them. That is all.
It doesn’t matter to the long term investor and unless you’re really old, you should be in it for the long game. Even a drop of 25% won’t mean much when you look in the rearview mirror 20 years from now. Besides, timing markets is an overwhelming recipe for disaster.
I did not succeed in life by intelligence. I succeeded because I have a long attention span. -Charlie Munger
It will get ugly
The markets will drop. It is the cycle of things. It may happen tomorrow or in 2 years or even 5. No one knows when. It may be caused by the US Fed raising rates or a terrorist attack or a computer glitch over at the NASDAQ. No one knows how or why.
When the markets fart, don’t freak out. Just continue buying the same things you’ve been buying all along, just at a temporary discount. After the downturn, there will be more bull runs where the markets will see greater highs. There is always a dawn after the dark. Never forget it.
Anyway, all of this is just a long winded introduction to this highly entertaining article.
Oh, and a big congratulations is in order for the Frugalwoods. I’m thrilled for them because Babywoods is on the way. I’m also thrilled for myself because Babywoods is a girl and we have no shortage of stuff to pass on. Hello closet space!
*Somehow, Mrs. 1500 found a way to live my dream. Some day, I may explain it all. Long, long story.
Join the 10s who have signed up already!
Subscribing will improve your life in incredible ways*.
*Only if your life is pretty bad to begin with.