3 ms·
My view is those people are banking on stock market performance that is influenced by a massive bubble still underway. I think in 3-5 years a bunch of them will
by sfblah 8y ago
My view is those people are banking on stock market performance that is influenced by a massive bubble still underway. I think in 3-5 years a bunch of them will regret this decision, as their net worths will have been cut in half or worse. I’m curious what you think about that.
- ryanmercer 8y ago>I think in 3-5 years a bunch of them will regret this decision, as their net worths will have been cut in half or worse. I’m curious what you think about that. I think you're a panic seller. 3-5 years is nothing.
- tardo99 8y agoYes but if you've been happily spending 4%, which turns into 8% because the market is down 50%, do the math on that.
- ryanmercer 8y agoThe % is based on the original amount, inflation adjusted, and yes you absolutely should tighten your belt during down years. Your argument is given ad nauseam, there's article after article, reddit thread after reddit thread, blog after blog explaining why your concern is a non-issue.