Everyone enjoying these new highs?

96898 Views 980 Replies 62 Participants Last post by m3s, 9 mo ago

james4beach

Discussion Starter · Jul 8, 2021 (Edited)

I try not to get emotional about money and investing, but I've got to admit that I really enjoy seeing these new all time highs.

Anyone else enjoying this?

My portfolio hit a new all time high in June, and I said to myself, that has to be the maximum, and it seems to have rocketed higher since then.

I realize this won't impress the retired people with large fortunes, but my investments have grown by ~ 150K in the last couple years, which is more than I could have saved through just paycheques alone. Markets have really been cooperating nicely.

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Tostig

· #2 · Jul 8, 2021

Makes me wonder if I should start selling call options on portions of my holdings. I bet there's an ETF for that already.

Synergy

· #3 · Jul 8, 2021

Everyone likes to see their money grow, but the dips and valley's can be just as satisfying. Opportunity to purchase more at a discount! All depends on where you are at I guess. I'm still in the accumulation phase so I'm not overly concerned with all time highs.

Reactions: 3

AltaRed

· #4 · Jul 8, 2021

It is nice but mostly means I give more away before the end of each year (most years).

In saying that, BC SPCA has just put out a Wildfire Alert for donations to send people into wildfire areas to rescue stranded animals and is building an evacuation shelter in Kamloops. These poor animals need all the help they can get. Given the year has been good, I will be punching out a donation tomorrow to help out. These are the real pleasures a rising market provides.

Reactions: 5

Rusty O'Toole

· #5 · Jul 8, 2021 (Edited)

My trading account has doubled in value since Jan 1 2020 and this just took place a couple of days ago. So yes I am pleased, and hope it goes up more, but still keep my stoploss in place.

Up $137,000 last year, $151,000 so far this year. Started with $280,000. Now $567,854.

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doctrine

· #6 · Jul 8, 2021

My accounts have been hitting all time highs monthly since December 2020. Enjoy the feeling, but I doubt it lasts. August and September in particular can be very volatile. It's sometimes survival season until we get into October.

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kellanfaraday

· #7 · Jul 8, 2021

I have the same sentiments. Things have been looking way up lately, in quite a lot of industries (ah, diversification).

But I feel like we're in for a wake-up call soon. Bitcoin is starting to fall already, so stocks are likely to follow suit in a few months.

Thal81

· #8 · Jul 8, 2021

I've made almost twice more in gains YTD than my typical annual spending, which was also the case for the last two years. Also just turned 40 years old and that triggered all sorts of things. Thinking of calling it quits with the job.

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MrMatt

· #9 · Jul 8, 2021

I like the new highs, but finding buying opportunities is getting hard.

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MrMike

· #10 · Jul 8, 2021

MrMatt said:
I like the new highs, but finding buying opportunities is getting hard.

I'm conflicted because on the one hand, I think to myself, when will I buy more BMO? It's hard to pay $130/share when my avg price is $75.
But on the other hand, I would because in 15 years the price will be higher than that.

GreatLaker

· #11 · Jul 8, 2021

DAX down 281
S&P futures down 58
Dow futures down 479
NASDAQ futures down 201
Jinx thread☹

Reactions: 3

Beaver101

· #12 · Jul 8, 2021

^

MrMatt

· #13 · Jul 8, 2021

GreatLaker said:
DAX down 281
S&P futures down 58
Dow futures down 479
NASDAQ futures down 201
Jinx thread☹

Can it drop 30% or so? maybe on Fortis?

Tostig

· #14 · Jul 8, 2021

MrMatt said:
Can it drop 30% or so? maybe on Fortis?

Of course they can. Markets dropped over 35% March 2020.

Very timely that this thread started just before the 1.5% market drop on opening.

milhouse

· #15 · Jul 8, 2021 (Edited)

Double edged sword.
I psychologically enjoy seeing my portfolio grow like the next guy.
However, don't enjoy getting fewer shares from my DRIPs and additional buys costing more. Also, instead of just enjoying the ride, I can't help thinking "This is too good of a run. When's the pullback/correction?"

AltaRed

· #16 · Jul 8, 2021

milhouse said:
However, don't enjoy getting fewer shares from my DRIPs and additional buys cost more. Also, instead of just enjoying the ride, I can't help thinking "This is too good of a run. When's the pullback/correction?"

You will get over that in 9.5? months. Re-investment (DRIPS or new money) is a non-issue for those in net withdrawal. It's been over a decade since I have cared about any of that on an overall portfolio basis and is highly liberating. Perhaps just build your cash reserve leading into retirement shortly and that will take care of your re-investment angst.

Ukrainiandude

· #17 · Jul 8, 2021

Unless you sell, these are all unrealized gains.
It feels like summer 2007 to me, all over again. People are bragging about how much they made, and everyone feels like a financial genius.

Reactions: 2

Ukrainiandude

· #18 · Jul 8, 2021

milhouse said:
When's the pullback/correction?

If not for fed it should have happened in fall of 2020. Now that the fed decided to participate, who knows. Could be fall 2021. Or not.

AltaRed

· #19 · Jul 8, 2021

There is growing consensus in financial circles I think that we may be mid-cycle of a bull market. Good for 2-5 years yet.

There will be 10% corrections that occur, as they do in all bull markets, but no 20+% bear on the horizon. Waiting to 'time' is likely a mug's game. We might have a 20% gain before a 10% correction. Where does that leave you if you are waiting on the sidelines? Still 10% in the hole.

Reactions: 4

Ukrainiandude

· #20 · Jul 8, 2021

AltaRed said:
Good for 2-5 years yet.

AltaRed said:
There is growing consensus in financial circles I think that we may be mid-cycle of a bull market.

Yeah, and the more investors join the party the higher prices will go.

My two pennies, no one knows the future. But some might pretend that they do.

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