The first thing to remember is that the ability to save $10k a month is huge. That savings rate allows you to be patient through the ups and downs of the market.
The next thing to do is take a hard look at what you are investing in. Why did you pick that investment? Is it still a good investment, or did you make a mistake? Are you taking too much risk? Clearly that is some part of the problem. The market has only been going down for 3 months or so. That’s nothing in the long run.
Assuming you are making good investments, perhaps changing your point of view is in order. With your monthly additions, you are buying stocks on sale. Think of buying other items. Perhaps you usually buy toilet paper for $10. That’s what you usually pay, and you’re happy with that. It’s a fair price for the product. But one day it goes on sale for $8. So you stock up a bit. Then a couple of weeks later, you see it at $7, so you buy some more. Does that mean your purchases at $10 were wrong? No. They were fair. But now you’re buying the same thing on sale.
There are only two days the price of an investment really matters. The day you buy and the day you sell. The price going up and down in between those two days doesn’t matter, as long as you still believe the price will continue to go up over time. It does happen that sometimes you may no longer believe it will go up over time. When that happens, it’s time to sell no matter the price and get the money into something you reasonably believe WILL go up over time.
–Peter