Originally Posted by wab
The sky is falling, but it's in no hurry.
I think the SoCal real estate market was largely under water for about 8 years. Japan showed no sign of recovery for 13+ years. And I believe that the real returns from US stocks were essentially zero for about 14 years starting in 1968.
If you're getting antsy waiting a few years for the next crash, imagine how you'll feel waiting a decade or two for the recovery.
Wab, I completely agree with you.
10 year patience you say? You're talking to a general group here that can't go three days without checking their portfolio status or what the weekly sentiment is. Sounds crazy but I think most people would have an easier time handling a quick crash rather than a '66 to '82 scenario. I think they will all go nuts in a long term flat market with no quick way to out smart it.
I am guilty of the same impatience myself but at least I am not in a burning rush to hang up my spurs with "just enough" to pass Firecalc.