FI Weekly – January 25, 2022: Markets Dropping, Lower Cost Medical Care, FI Number Calc
Markets Dropping As I’m writing this newsletter Monday morning, the S&P 500 is down 2.3% from the prior close, which brings the year to date drop to over 12% in just a few short weeks. It’s remarkably easy to get caught up in the doom and gloom of seeing 10%+ of your net worth evaporate (on paper at least) in one month. It obviously never feels good, but we know from listening to JL Collins, that stock market corrections (10% drops from recent peaks), bear markets and even crashes are perfectly normal and expected over an investing lifetime.It is a normal part of investing. And while it’s impossible to know where the markets go from here, my belief in the FI Fundamentals of having a significant savings rate and continuing to purchase new shares of the Total Stock Market Index Fund at a “discount” in bad times will play out as my best bet over the long-term. Now is a good time though to take 10 minutes to listen to JL’s Guided Meditation for When the Stock Market is Dropping, which never fails to make me feel calmer and more at ease. Lower Cost Medical Care Options I saw an interesting article