Wait… but the pain is almost over!!!
@BA_lurker You highlight why one-size fits all financial advice is terrible. A lot depends on age and where you are on the income and savings spectrum. If you’re close to FIRE, then preservation is the key priority. If you’re far from fire, then increasing savings and growing your investment returns is the priority.
Car purchase and skirt length might have something in common. They both tell the economic cycle.
For stocks, both 2000 and 2008 were good time to sell. But for housing, they are different. We need another indicator to distinguish between 2000 and 2008 housing market.
The pain on FB eases but the pain on AMZN is just starting!
Liquidate now to keep the 60% Trump rally
Ok, Market is volatile since Jan 29th onwards.
The pain comes and goes, and continue to exists now.
If I guess next month, stocks may be up, if I guess next year, stocks likely down, if I guess a decade, stocks will be up.
I am going to stock hibernation soon, watch it sidelines!
What is FIRE?
Financial Independence Retire Early
Financial Independent Retire Early. My question to @BA_lurker is that how are you going to sustain FIRE? Do you have substantial passive income to back yourself up?
Definitely over 40s, late 40s?
Stop asking people’s age! We’re all younger than you…
A few is older such as elt1, ptiemann.
Well, you would have more $ in your pockets today if the vulgar mumble jumbling Trumpovich wouldn’t start a hearsay that he wants to attack Amazon.
I told you not long ago, this mouth of your president, not mine, can sink the economy.
Yes, the richest ones are always the oldest…
Shhhh…not me
You are over 60?
$ Millions? Not yet.
The shakeout continues…
After reaching all the high just 10 days ago I am now again underwater for the year. -6% YTD. That tells you how insanely volatile the market has been in 2018.