The Stock Market Is High, Don’t Get Spooked!

Dow 23,000+

It’s Halloween and the Dow is at a breathtaking 23,377 roughly 100 points off of the all-time high reached earlier this month. Yes, I’m a little spooked at these heights and so are some of my friends I’ve been talking to recently. None of us participating these conversations are stock brokers or financial advisers; just motley fools that can’t believe our good fortune and trying not to screw it up. We’ve read FIRE blogs, watched CNBC, and heard the low cost index and diversify advice so many times prior; but we still get acrophobia. And why wouldn’t we? My crew is filled with cynical forty-something Gen Xers who experienced the euphoria of dot com fever in our 20’s , purchased homes with little or no skin in the game in our 30’s, and watch it crash and burn. . . twice. We don’t need investment advice; we need group therapy. Continue reading “The Stock Market Is High, Don’t Get Spooked!”