I’ve got a thought experiment/hypothetical. Interested in others thoughts.
How long are you willing to wait for Covid to be conquered before returning to doing things you enjoyed pre-Covid? Things like restaurant dining, travel, seeing family, sports, conferences, stadium events, casinos, etc.
Like most others on this board, I worked hard and looked forward to retirement for years. Now, in my 3rd year, we have this situation. A vaccine is not guaranteed, and the timeline on a vaccine is certainly not known. Therapeutics may be slow in coming, and again for really effective medicines who knows how long. So, this is not the retirement many of us envisioned.
So, I ask again. How long would you wait? Forever, assuming no vaccine or extremely helpful meds? 6 months regardless of vaccines or meds? How long, before you might say ‘to heck with it, I’m gonna start living my full retirement life again and let the chips fall where they may’.
To some extent for me, this seems a bit like market timing. I’m willing to wait another 6 months or so. But what happens if in 6 months we aren’t really any closer to it being conquered. Go all in or wait another 6 months. Pretty soon at that rate I’m not able to do many of the things I hope to do in retirement.
Hope this question makes sense.