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Girls is great this season
Additional Posts in FIRE Financial Independence Retire Early
Anyone a CFP as a side hustle?
Decided to payoff my mortgage.
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Enthusiast
Might speed up my FIRE if I can load up and it recovers
Dip keeping dipping
Pls stop the FUD 😢
No FUD. It was a serious question. This bowl assumes that markets always go up only
Coach
None. If your FIRE planning does not include consideration of substantial market drops, then it needs to be reworked
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.
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