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Exactly. When you disconnect emotionally from it and take a step back it's just amazing how different narratives dominate and just drive people into extreme states of fear.
Your investing time horizon makes a huge difference. We WILL eventially have a long and protracted bear market. It's only a matter of time. It's a great time to examine your risk tolerance and financial plan.
Your investing time horizon makes a huge difference. We WILL eventially have a long and protracted bear market. It's only a matter of time. It's a great time to examine your risk tolerance and financial plan.
I agree and it's always a "great time to examine your risk tolerance and financial plan" hahaha
MJ, I hope you're right (no one wants to see protracted carnage in stocks). I hope we can postpone it as long as possible.
whether we do or not it is all part of the cycle ... for those retiring 40-60% equities has worked fine regardless of what struck . 40-60% equities has a 92-96% success rate for 30 years and regardless of wars , crashes , the great depression , the great recession , the lost decade , etc , it has stood up fine .
worrying about temporary noise is a waste of energy and time ,. everyone was so worried about rates when they hit 3% , like life as we know it was supposed to end .... nonsense ... just allow for this stuff in the plan and stop trying to rule it out is the best way to plan ..
As someone who's been in the market since the 80's, many cycles have occurred. There have been some clunkers in the white house; I graduated into a bad recession led by the original "trickle down economics" prez, and it didn't work then either. That was a bad few years. Upon starting my working career the best advice I got still remains even now: put your money to work for you (stocks/bonds/alternatives), live within your means, be appropriately diversified and allocated, and don't micromanage investments.
As someone who's been in the market since the 80's, many cycles have occurred. There have been some clunkers in the white house; I graduated into a bad recession led by the original "trickle down economics" prez, and it didn't work then either. That was a bad few years. Upon starting my working career the best advice I got still remains even now: put your money to work for you (stocks/bonds/alternatives), live within your means, be appropriately diversified and allocated, and don't micromanage investments.
Good advice. I bet you have never seen the White House create this kind of volatility in the markets though. Uncharted territory.
Good advice. I bet you have never seen the White House create this kind of volatility in the markets though. Uncharted territory.
Honestly, I've never closely followed the markets until the last few years. I just invested into IRAs and 401Ks consistently, kept some savings on the side for shorter term or emergency needs, and essentially ignored my retirement accounts for 2+ decades. I knew when the current dweller got elected the outcome of that was going to be crazy, unhinged, and volatile, and it's been all that. The only thing I can control is ignoring him and as much of that crap as I possibly can and keep going with my life.
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