u/Dogo58

Commonly shared wisdom is to have a bucket of relatively safe assets i.e. bonds or cash that you can pull from in the event of a downturn so that you dont need to sell your stock while the market is down.

So for the people living it, how do you determine when to pull from stocks vs those safe assets? Do you sell stocks each month as long as the market is at or near all time highs? What criteria would make you hold your stocks and use different funds and at what point in a recovery would you go back to pulling from stocks?

I recently bought this game and have been enjoying it. I'm not terribly far into it, but so far it doesn't seem challenging whatsoever, as if its on rails. Is that just how the game is meant to be? I've played other management sims and have had to pay much more attention to my cashflow and be mindful of loan interest and such. So far I haven't even dropped below $100k once.

As I've gotten older and learned a few things the hard way, I've come to understand that bogle is the way, and that it is especially suited to my temperament as it helps me stay the course in the event of market downturns.

Like all of you, my portfolio has been doing well over the last few years and I'm obviously thankful for it, but also cautious about the future. During this roaring market I'm feeling a little FOMO right now. I have a younger friend who has a much higher risk tolerance than I do. He has been heavily invested in SMH and his account has been ripping as a result: +150% over just the past year. I'm super happy for him. At the same time, that's roughly equivalent to the past 9 years cumulative return in VT. Nearly a decade of already exceptional progress in just 1 years time.

Obviously comparison is the thief of joy and all that. And I also try to remind myself that he's never experienced a serious market downturn that lasted for more than a few months. I don't wish him anything but the best of course. I'm just wondering what anecdotes, passages, or other tricks you use to help yourself stay the course in times like these?