David1961
Thinks s/he gets paid by the post
- Joined
- Jul 26, 2007
- Messages
- 1,085
Hello everyone!
I am 45 and expect to FIRE within 5 years. One concern I have about RE is how I would handle the market volatility. The past week or so has seen stocks fall sharply. Since I'm working and have a paycheck coming in, I can tell myself that I'm still making money at my job and the market will rebound anyway, so I don't really worry about market swings. I'm concerned that when I retire, I'll have a tendency to micromanage my portfolio and over-react to market swings. Knowing that I have money coming in gives me a certain sense of security. And when you RE, all your eggs are in one basket, so the speak. If the market goes down , say 10%, that's 10% less I have to live on. Even though I know intellectually that the market will rebound, it might be hard not to overreact. Have others had this problem?
I am 45 and expect to FIRE within 5 years. One concern I have about RE is how I would handle the market volatility. The past week or so has seen stocks fall sharply. Since I'm working and have a paycheck coming in, I can tell myself that I'm still making money at my job and the market will rebound anyway, so I don't really worry about market swings. I'm concerned that when I retire, I'll have a tendency to micromanage my portfolio and over-react to market swings. Knowing that I have money coming in gives me a certain sense of security. And when you RE, all your eggs are in one basket, so the speak. If the market goes down , say 10%, that's 10% less I have to live on. Even though I know intellectually that the market will rebound, it might be hard not to overreact. Have others had this problem?