Been reading the forum for some time, but first post. Excellent forum. I've been struck since I started reading the forum at how many here seem to have exorbitant faith in the market, and allocate accordingly. I wonder if a lot of this is not the conditioning of a 10 year bull market, and if this faith is not misplaced. Would the conversation be different if it was 1954 and the market had still, after 25 years, not recovered its 1929 high?
We are all conditioned by our experiences. My father grew up during the depression, was a WWII vet, and was very conservative with money. Even in old age one of his favorite desserts was left over rice with milk and sugar, because he had grown to love it as a boy when it was the only sweets the family could afford.
I understand the FIRE calculator and that over the last 100 years the market has gone up exponentially. But most of us don't start investing the day we are born, or live 100 years. When we think about retirement we think about 60 year timeframes generally (30 or so working and accumulating, and 30 retired). As the below article shows, in history there have been many periods where the market has been flat for a decade or more
https://realinvestmentadvice.com/strike-three-the-next-bear-market-ends-the-game/
After the longest bull market in history, historical gains, and a world economy and market almost completely dependent on Central Bank largesse, I'm wondering if there is not too much optimism on the forum?
We are all conditioned by our experiences. My father grew up during the depression, was a WWII vet, and was very conservative with money. Even in old age one of his favorite desserts was left over rice with milk and sugar, because he had grown to love it as a boy when it was the only sweets the family could afford.
I understand the FIRE calculator and that over the last 100 years the market has gone up exponentially. But most of us don't start investing the day we are born, or live 100 years. When we think about retirement we think about 60 year timeframes generally (30 or so working and accumulating, and 30 retired). As the below article shows, in history there have been many periods where the market has been flat for a decade or more
https://realinvestmentadvice.com/strike-three-the-next-bear-market-ends-the-game/
After the longest bull market in history, historical gains, and a world economy and market almost completely dependent on Central Bank largesse, I'm wondering if there is not too much optimism on the forum?