How’s would your FIRE impact if market corrects 20-25% from here?

likehelpful
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Might speed up my FIRE if I can load up and it recovers

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Dip keeping dipping

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Pls stop the FUD 😢

likefunny

No FUD. It was a serious question. This bowl assumes that markets always go up only

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None. If your FIRE planning does not include consideration of substantial market drops, then it needs to be reworked

likefunny

I’m praying for a massive correction. While you’re working, you should be rooting for buying opportunities. I hate buying the market at near historic valuations, even though I religiously DCA. I’ve also been overweighting developed (non-US) and emerging markets indexes in my asset allocation the past 6 months.

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Well you’d be down 25% if you were only invested in the market. Hence a good reason to diversify.

What if it goes down for 3 years slowly, painfully slow?

3 years shouldn’t matter if you are young and looking over an investment horizon of decades. As many others have said - it’s time in the market not timing the market that matters.

And part of your FIRE plan should be to have buffers and cash reserves for such a scenario (which is why you may hear of some FIRE folks holding 1-3 years expenses in cash for such situations to avoid dipping into their investments.) However - would only recommend holding such a large amount in cash only if you’re about to retire in the next 12 months.

I’m 32 and have a lot in the market but I’d rather see a correction now than 5 or much more so 10 years from now

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