John Bogle said it best. If you're an accumulator, you should be down on your knees every night praying for a market crash!
I'm 30% cash and go back and forth between wanting my portfolio to increase (as it has the last week) or go down another 25%.
While it's easy to get depressed about your money “losing” another 25 to 50%, you have to zoom out and think of the greater potential for gains some time, even if years, into the future if we do crash another 50%.
Wpuld you rather pay $300 or $150 for a share of Microsoft?
Tonight I reminded myself of Mr. John Bogle and his advice to the young accumulator.
So let's all say a little prayer tonight! Here's to a 50% draw down!
Thank you John Bogle!
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