re: Dow Jones 30 Index closes at a new 2023 high

I value cost average into a few different funds every quarter. Value cost averaging means that I have a quarterly growth expectation depending on the ETF. If that ETF meets the expectation I do nothing. If it underperforms, I sell bonds and purchase up to my ETF expectation. If it overperforms, I sell down to the expectation and buy bonds. My ETFs of interest are IJR, MVV, and TQQQ. Over time, because of its success, TQQQ dominates my portfolio. Also, because of that, it's very volatile.

With a prolonged bear market, I eventually sell all of my bonds and will be approximately 100% in my ETFs. This is the position I am in now. Also when a significant drop occurs, I restrict myself from selling stocks until I see at least 3 sell signals. This is a mechanism to try to recoup as much of a recovery as possible.

My 401K represents less than 1% of my holdings, but I have been dollar cost averaging into small-cap index funds as my options are limited.

Here is a graph of my 401K + IRA total over time (minus actual amounts), although if you've read any of my commentary you might already know it's in the millions.

You have to have gonads of steel to do this. I lost millions last year. I've gained millions this year. I don't worry about it. It's all mathematical. No emotions involved.



EDIT: I can never determine why I get these downvotes. Do you hate that I answered the question? Do you hate investing? Capitalism? Do you hate people who take risk?

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Uh, our dollars are worth about 75% of what they were worth in January 2021.

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If I had a dollar for every time you’ve posted this on this website I could retire

You have a 9 figure port baw? Sheesh

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You have a 9 figure port baw?

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Negative. It's volatile. High magnitude swings.

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Uh, our dollars are worth about 75% of what they were worth in January 2021. That might have something to do with it. If you look at your investments and see that you’re “up” 25% since the start of 2021, guess what? You’re not really up. You’re flat.

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Uh, that's the moving goalpost of the people who kept claiming "markets were down big" and then being shown they weren't.

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Perhaps more likely, your understanding of main street USA is completely detached from the reality of main street USA.

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Yea lol.

Not to say everything is roses and things have never been better or anything like that, but in my major metro area there are literally millions of people out and about and shopping, going to restaurants, buying cars, going on vacations, and driving to and from work. At least in my area, things are blowing and going. New developments might not be popping up as quickly as they were a couple years ago, but I still see new projects being started all the time.

Listening to certain people online you'd think we our economy is in its death throes

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DowJones30

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You keep typing this like it's official and/or correct...do you mean something other than the "Dow" or "Dow Jones Industrial Average" with this unusual nomenclature?

Also, I just don't think this claim of yours:

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It contains 30 diversified industrial companies each with the same weight within the index

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is correct.

As of today:

UNH is more than 10% of the Dow, but only 1.3% of the S&P 500.

Goldman sachs is 7.4% of the Dow, but only 29bps of the S&P.

It's hard to see how an index that is 18% made up of just 2 companies is somehow an improvement over a market-weighted index.

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Not to say everything is roses and things have never been better or anything like that, but in my major metro area there are literally millions of people out and about and shopping, going to restaurants, buying cars, going on vacations, and driving to and from work

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I have to track consumer financial health and consumer spending for work. Nothing that I’ve seen in the last two years suggests people can’t afford bread and milk.