One problem with investing is the temptation to be overly-aggressive when the going is good…and overly-pessimistic when the investing landscape looks grim.
Wealth is permanently destroyed when pi’s do the opposite of what they should be doing during market turmoil…which is where having an honest conversation with yourself about volatility tolerance and asset allocation comes in.
What is happening now is just a bump in the road; 00-03, 08/09, 2020 were far grimmer (especially 00-03 which felt like a lifetime of death by a thousand cuts).
It’s never nice seeing your pf getting pounded but that’s just the cost of being involved.