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Author: mazske Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5085  
Subject: Re: Slow and Steady Date: 8/16/2003 2:28 PM
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Does anyone else go through times like this? I think I need to just take a step back for awhile and let our plan stay on auto-pilot and not be so concerned over it. If others go through these same thoughts, do you continue to stress over your plan or what do you do?

Ah, this is a great question. I get frustrated from time to time over my FIRE plans as does my SO. She is more of the spend type for the immediate gratification where I am more of the save for the future type who still has a passion for enjoying today.

I was so gung ho back in '99 about my stock investments. If you look at the list of stocks that I currently own, you can figure that I've lost a chunk of change since I bought most, not all, of these back in mid '99.

I can remember watching my accounts double in value in a matter of months. Then, I watched the long, slow decline. I sold a little here and bought a little here, but there is still a lot of red.

However, I stayed the course. Finally, it seems the accounts have stabilized and are actually growing in value over the past 6 months or so.

During this same time period, I was paying extra on my mortgage. Not a lot, mind you, but yet, still some extra. I also decided to refinace this past summer and I went from my initial 30 year mortgage to a 15 mortgage. I'll be paying about the same as I had been paying. My 30 year mortgage would have been paid off in 19 more years tops due to the extra I was paying on it. However, now my 15 year mortgage will probably be paid off in 14 years or slightly less due to the tad extra I pay on it.

Slow and Steady and we'll get there.

However, it's time for ol' mazske to diversify a bit more and get into real estate. I'd had luck with my first house making a bit of money, along with 5 1/2 acres that I bought back when I was a teenager. My current house has been appraised for about 20K more than what I bought it for 5 years ago. One good thing is that our tax rate is somewhat low, but still higher appraisals do raise your tax bill. The area I live in is slowly growing, and I kind of expect property values to slowly increase as well.

Back on topic, it can be frustrating to watch my accounts grow smaller or just stagnate even though more money was going into them. I hope that trend has reversed itself and now that I'm more into index funds and less into tech stocks, I think it will. However, I will probably continue to hold onto some of those battered tech stocks for lack of a better place to put the money, IMHO.

Slow and Steady and we'll eventually make it to the finish line. Just don't forget to live a little during the working days.


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