I voted the second option. I'd definitely feel the pinch, but hope that the market will go up by 26% the following year
+1 But if it happened by choice, as in this case, I would be truly PO'd. Unfortunately we will undoubtedly fail to replace the current bums with a coherent group of new bums so we will be bound to repeat the fiasco in the future.IMO - if one cannot manage a 25% drop in the stock market... they have no business being in it in the first place. Because there is no doubt it will happen (at least temporarily)... just a matter of when. For that matter, they may not be in a strong position to FIRE or retire... but that would depend on a number of other issues.
What's the fun in that?I just wish they would just compromise in the first place like we all know they are going to and quit with the nonsense in between.
This has already happened to some of us more than once ('00, '08). Life goes on and portfolios recover.Please take part in this poll ONLY if your household is already retired. If the debt mess is not settled, and the market were to drop (a conservative) 25%, how would that impact your retirement?
Yes.This has already happened to some of us more than once ('00, '08). Life goes on and portfolios recover.
Technically if a stock market worth $1 drops by 25% (to 75 cents) then it would need to gain 34% to get back above $1...I voted the second option. I'd definitely feel the pinch, but hope that the market will go up by 26% the following year
Technically if a stock market worth $1 drops by 25% (to 75 cents) then it would need to gain 34% to get back above $1...