Ombow, More on the emotional aspects of investing, from John Bogle (video below). The traditional allocation recommendation he talks about - 65% in stocks, 35% bonds, would have me on daily Tagamet for sure lol. But everyone is different. Fwiw, I like the old rule about subtracting your age from 100, so a 70 year old would thus have a 30% stock allocation. I'm 69, and have a 28% stock allocation, so that's pretty close. But even at 28%, nervous nellies (like me) may need another way to 'stay the course' with that 28%.
Here's what I came up with --> put half (14%) in the S+P 500, and the other half in a large number of individual stocks (200) with great long term charts. Selling that many individual stocks would be too cumbersome, so that forces you to maintain a permanent 14% stock allocation. So a step in the right direction for a jumpy investor. The other 14% in the S+P 500 can be sold off quickly if necessary, sit safely cash, or alternately be used to fully hedge the individual stocks by using the 1X short ETF (SH). So having these options means the angst level is effectively controlled, and you don't feel trapped and subject of the whims of the market.
Anyway, it seems to be working, but we'll see what happens when the next financial crisis rolls around. The markets were clobbered in 2001-02, 2008. 2020, 2022, so maybe we are due for a period of relatively smooth sailing (?) Who knows, but it helps to have a simple strategy in place to hedge if / when things really come unglued again. So angst controlled allows --> 'stay the course'.
An alternative that I notice a lot of older I-Hubbers are using, is to not be in the stock market at all. With cash/ money markets paying 4-5%, this strategy can be attractive. For me though, I experience considerable angst when the market goes up and I'm sitting 100% in cash, and that angst is actually even worse than being long through the market's inevitable fluctuations. So.. I figure the key is to find the right balance.
You don't have the correct attitude. It's not buy and pray that your stocks go up, but being guided in your decision making. I feel good enough about Joby and Archer that I would invest in them.
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