So I was thinking while walking the dog tonight.....
I'm 43 and looking to retire in, oh, the 10 to 15 yearish time frame. Being that the market has its bull and bear cycles, it occurred to me that it would probably be in my interest to get the next bear cycle out of the way now - so the market could hopefully recover and be on a bull tear for the early years of my retirement.
We all know how an early bear market in retirement can hurt the survival rate, right?
So I'm trying to gear myself up for being happy about a major market correction, should it occur relatively soon. Of course I'd also be happy for a bull market over the next 30 years !
Try as I may though, I have a hard time imagining that I'll be saying "Hey this is great!" if the market drops and stays down for the next 5 years.
Not predicting anything of course, just thinking.
- John
I'm 43 and looking to retire in, oh, the 10 to 15 yearish time frame. Being that the market has its bull and bear cycles, it occurred to me that it would probably be in my interest to get the next bear cycle out of the way now - so the market could hopefully recover and be on a bull tear for the early years of my retirement.
We all know how an early bear market in retirement can hurt the survival rate, right?
So I'm trying to gear myself up for being happy about a major market correction, should it occur relatively soon. Of course I'd also be happy for a bull market over the next 30 years !
Try as I may though, I have a hard time imagining that I'll be saying "Hey this is great!" if the market drops and stays down for the next 5 years.
Not predicting anything of course, just thinking.
- John