What? Ok.

I hit 1.2M invested and despite it being good for my age (I’m on the younger side) it’s not that good because if I lose my job tomorrow I’m screwed

OP has a hidden good point if you don't spent money at the spikes, inflation catches up with the gains.

A lot people are rich on paper until their retirement spending years.

Anonymous wrote:And you still have people playing around with entire retirement accounts in other threads. There is no way to predict this stuff, so set an allocation you are comfortable with and do not try to time it day to day.

Everyone has his/her limit of risk. As long as you are comfortable. I set 5% only for individual stocks. I can not predict the market. VOO & VXUS for me.

And you still have people playing around with entire retirement accounts in other threads. There is no way to predict this stuff, so set an allocation you are comfortable with and do not try to time it day to day.

Anonymous wrote:What are you talking about? My retirement account has steadily lost money since Jan 31. It’s only going to get worse.

you need to recheck your investment to make sure that you have the way you like.

The only changes I made were cutting work to 15 hours a week, concentrating my my health, and investing my children's money.
Few young people seem to think about investing. I surely didn't know anything about it. We didn't even have banks in the old country.

What are you talking about? My retirement account has steadily lost money since Jan 31. It’s only going to get worse.

Anonymous wrote:Yes, all time high for us on paper only. We can not withdraw withdraw penalty. It may come down tomorrow. As long as we gain 15% for the year, I am happy. Tomorrow is 1st of May. There are 7 months to go. Anything can happen. At least we are happy tonight .

+1
that's the scary part. We need to trust and keep it in there and stable while all the billionaires are inside trading and moving their stuff around and making more billions. It's not a good thing OP.

Our joint portfolio hit a million a couple weeks ago (early 40s) and I'm still worried that my kid clogged the upstairs toilet and left it running, it flooded, and now we may have to have our downstairs ceiling redone. I don't feel rich, just less screwed if I lose my job.

Yes, all time high for us on paper only. We can not withdraw withdraw penalty. It may come down tomorrow. As long as we gain 15% for the year, I am happy. Tomorrow is 1st of May. There are 7 months to go. Anything can happen. At least we are happy tonight .

My portfolio went down 10% today. I was at an all time high two days ago.

You have a really oversimplified version of how this works. Only 28% of Americans who make under $50,000 have any $ in the stock market.

That represents 30-50% of Americans.

People are struggling right now financially. They do not feel like millionaires.

What a strange post. To this day, 38% of all Americans don't own a single stock, like another 20% - 30% only own stocks through their 401k (and no...they aren't maxxing out their 401ks).

So...are you going to go to McDonalds and buy someone a burger?

With S&P 500 and NASDAQ closing at Record highs and DJIA and Small Caps almost there it means the average American is the richest they have ever been today.

I can see buying a burger at McDonalds today and guy going doing worry I got you covered, I just became a millionaire. Or the Uber Ride is free tonight as driver is saying on the house I am now a millionaire.

Congrats to all of us.