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Lots of people are able to say, “it’s very much possible to reach financial independence” when the DOW has more than tripled in the last ten years. The Boglehea
by 300bps 5y ago
Lots of people are able to say, “it’s very much possible to reach financial independence” when the DOW has more than tripled in the last ten years. The Boglehead philosophy is perfect for these conditions (and many others).
If the stock market reverts to the mean over the next ten years, it won’t seem quite as possible though.
- nly 5y agoWhat's the alternative? Stock market returns may be muted and uncertain but cash pays nothing for sure. The property market in the UK is at record highs in terms of price:income ratios, but it can still make sense to buy rather than rent due to record low interest rates (Gross rental yields being 4-6% and interest rates 1.5-4%), and the certainty it gives you (Investing your 20-25% deposit won't do you much good if house prices and rents outstrip the stock market in the 20-30 years before you retire)