Ah, the vagaries of the stock market. Of course once I made a decision that I'm comfortable cashing some long-term assets in and spending the money, the market drops like a rock. In one week I've lost about double the amount I had planned to spend on the new kitchen. In fact, I basically lost the kitchen today! I'm a compulsive planner, so no way did I jump up and sell a bunch of stock to lock in the cash. I don't rush into any expensive decisions.
But who knows - the market could go crazy in the other direction just as quickly. I think I'll keep researching just in case, and be ready to convert to cash when the next good opportunity comes. And it will come, just no telling when. I can still go ahead and move forward on small appliances, cookware and cutlery because I can take those out of normal cash flow over the next few months.
This should be a lesson to anyone who has money sitting in stocks that (s)he plans to spend in the near future. A new kitchen is a luxury, and I have no problem backing off until the timing is better, but thank goodness I wasn't really planning on needing
that money for something. I've seen others make that mistake when planning on buying a house or making some other large purchase that cannot be put off (medical bills, anyone?). It can be financially damaging to be forced to turn long-term assets into cash at a bad time.
But please keep the ideas coming. I was leaning toward quartz countertops and a BlueStar cooktop. People seem to love BlueStar burners while not particularly liking their ovens. I'm kind of partial to digital ovens; they seem to keep the temperature more constant. If you have a different experience with your gas ovens I would love to hear it.