FUEGO
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Nov 13, 2007
- Messages
- 7,746
Back to FIRE slipping away for our younger members... Just curious why many seem to assume that the current calamity will continue unabated for 25-30 years until they're ready to retire, yet there is no talk of eventual recovery and even a big old bull market several times during this same time period. Seems unlikely that good times won't mix in with the bad over such a long time.
I for one said I was optimistic. It is a great buying opportunity, and I think we will (eventually) look back on 2008-2009 as one of the better buying opportunities of our investing lifetimes. It may take many more years of sideways and choppy markets, maybe even some more down markets. But long term I'm putting my chips on us seeing some mean-regressing going on.
I'm still in the under 30 crowd. I definitely don't feel like ER is slipping away. If anything, these times are a really great buying opportunity for me to load up the portfolio. The net worth is probably back to an all time high after slipping for a few quarters. The portfolio value is close to an all time high.