This is something you can hedge against, which is known as a sequence risk [0]. There are investment vehicles with built in volatility buffers designed to avoi

This is something you can hedge against, which is known as a sequence risk [0]. There are investment vehicles with built in volatility buffers designed to avoid this https://paradigmlife.net/blog/episode/the-volatility-buffer-how-to-reduce-the-risk-in-investing/ https://paradigmlife.net/blog/episode/the-volatility-buffer-.... That 3 years of cash on hand would be better off in some kind of investment and if you're worried, supported by a volatility buffer. [0] https://www.investopedia.com/terms/s/sequence-risk.asp https://www.investopedia.com/terms/s/sequence-risk.asp