Paul Essen's avatar
$212.5m follower assets
If I was retiring today, then this drop would suck.

But I'm not. I'm still in my wealth building phase.

So instead, stocks are on sale. Looking forward to my upcoming 401(k) contribution getting me shares of quality companies at reduced prices.
Nathan Worden's avatar
^The best mindset to have
Doug Helton's avatar
Being reminded of March 2020. Looking back, those were fun times.
Paul Essen's avatar
Plowing as much money into the stock market as I could during that time will likely end up being one of the most important financial decisions of my life.
Doug Helton's avatar
Congrats— do you feel similarly now (to a lesser extent?)
Paul Essen's avatar
A far lesser extent, to be clear. In 2020, it felt like quality companies were indiscriminately being sold off in a big way for no good reason. Now? A lot of the drops are in companies that had run up huge and were arguably overvalued. I don't think we're going to see nearly the same rebound in terms of the intensity of it over a short period of time.
Gabriel Kaplan's avatar
If my positions continue to drop --> I'll tax harvest at lower prices -> pay less in taxes -> unlock more capital (I've saved up for taxes) -> Invest more capital.

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