Comment on Stock market sinks as AI and interest rate worries grip investors
givesomefucks@lemmy.world 7 hours agoIndexes like the S&P 500 increase an average of 8% per year when held for decades. It isn’t ‘getting lucky’ and ‘hoping’, it’s investing in your future.
Yeah…
But ask people who were planning to retire in 2009 how happy they are that the market rebounded decades later…
You can do everything right, but if there’s a crash in the decade you want to retire, you’re fucked.
Even more so if you retire and start withdrawing right before.
Over all, yeah, it averages out
But neither of us are average, were individuals, and sometimes individuals get fucked
RamRabbit@lemmy.world 7 hours ago
As you approach retirement, you transitioning your stocks into bonds as well as into cash in high yield savings accounts. You do this because those investments are less risky and you need stability, not growth at that point in your life. You do this to avoid exactly the issue you bring up.
givesomefucks@lemmy.world 7 hours ago
Buddy…
What do you not understand about “a financial crash can happen at the most inconvenient time”?
If your plan is “just don’t get caught in a crash” then best if fucking luck bro. Because that’s what your entire future boils down to.
But you clearly don’t want any logic in the way of your survivorship basis, best bet is to stomp your feet and insist what happened to millions before you can’t happen to you.
Your smart, you’ll obviously see everything coming.