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Don’t Anchor Yourself To Your Portfolio High-Water Mark

In my (Jim’s) blogging “career,” I’ve experienced quite a few market bubbles, bull runs, bear runs, crashes, what have you. For the crashes and bear markets, in the moment, they’ve always been hard to manage emotionally. It’s why I’ve developed skills to help me cope, essentially, when it feels like there’s disaster around the corner (or disaster on top of me).

So I always look forward to reading how other people manage these times, especially when they are fellow bloggers who have been at it for nearly as long. I’ve never met Jonathan in person but he’s always felt like a kindred spirit in the blogging world.

Read his post on what he focuses on instead of his portfolio balance, especially now that it’s off its high:

Don’t Anchor Yourself To Your Portfolio High-Water Mark [My Money Blog] – “Inside various financial forums, I am seeing the “anyone else worried?” 😓 posts as most portfolios are down double-digits. For a retiree with a $1 million portfolio, seeing $100,000 or $200,000 of value evaporate is understandably stressful. However, much of this is because your portfolio’s all-time high, or high-water mark, is a relatively arbitrary number. Just because at one moment in time, there were a few willing buyers of your assets for a given price at a time where you weren’t looking to sell, doesn’t mean you should anchor yourself to that number.”

I love scambaiters too!!!!!!

Scambaiters: Meet the modern-day heroes who scam scammers [Get Rich Slowly] – “One of the things I’m passionate about is scammers. I hate them. Scammers are evil, evil people who prey on the most vulnerable members of society. They take advantage of social constructs in order to manipulate people into parting with their hard-earned money. No surprise then that one of my favorite sub-genres of YouTube videos is “scammers getting scammed”. Scambaiters are modern-day heroes. As much as I despise scammers, I think scambatiers deserve high praise.”

I find it astounding, but it also makes sense, that we ship honeybees.

A day in the life of a honeybee trucker [Freight Waves] – “Pollinating the seemingly endless fields of almond trees in California requires 85% to 90% of all honeybees available to pollinate in the U.S., Yaddaw said. Bees are trucked into California from across the country. Browning’s Honey operates over 30,000 hives. The company has its bees moved about six times in a year between states, including North Dakota, Idaho, California and Texas. In addition to almonds, Browning’s Honey bees help pollinate crops such as apples, seed canola and cherries.”