The stock market is not quite the same as it was when Robert Chase retired at 37 years old about a year ago — for starters, it is experiencing major volatility as a result of fears about coronavirus spreading across the globe.
But he’s not panicking — and neither are many of his peers, who have committed to aggressively saving and investing with a goal of financial independence, whether they are far off from retirement, nearing their retirement date or already retired, they told MarketWatch.A woman who blogs anonymously at “A Purple Life” is six months away from her retirement date, at which point she’ll be 30 years old.
A Purple Life’s portfolio is 100% in stocks, and she said it would continue to be that way for now. She is willing to analyze the situation when she gets back from her trips a year after she quits. “More bonds wouldn’t be great because stocks are on sale,” she said.“It is hard not to have your pulse go up a little bit, even though the rational side knows what to do and that this is normal,” said one blogger at “Gov Worker FI.” He plans to retire early in about five years.
FIRE proponents who have already retired have slightly different concerns, such as preserving their assets and balancing their spending. Retirees of any age entering retirement at a market downturn face “sequence of return” risk, which diminishes future gains. During a downturn, retirees may unintentionally be withdrawing from their portfolios’ principles because investment gains are minimal or nonexistent.
😱
That’s ok. At least one’s human capital does not depreciate as fast. The problem arises if the retirement evaporates 10 years into it.
Drive Uber
I can add MarketWatch to list of clickbait tabloid. Ok
You thank your lucky starts your not a boomer who has lived through this twice in the past 10 years.
I’d like to hear more about how people are retiring at 30 years old.
Oh shit, this was written for me!
unless you sold it, it has gone nowhere. Markets go up and down all the time. Just add money when its down!
They should have been hedged.😁
I am surprised their financial consultants didnt mention that Janet Yellen said stock market valuations were 'high' in 2018....
Lol
A test of faith. Not fun.
That's what happens when you have those who've invested and retired who have never been through either bear markets, or recessions.
You eat cat food and develop a meth habit
Now do Boomers. 😐