alevin
Market Veteran
- Reaction score
- 97
Although the chart is purely conjecture at this point, it's not even the decline that is so bad. We can always sit on the sidelines and get the buying opportunity of a lifetime when we hit bottom (assuming it continues). But rather it is the duration of the decline. If the comparison does continue, we're looking at 15 to 24 more months before we see the lows in the S&P. :blink:
It's tough to make money when the market drops for 3 or 4 years (unless you are good at market timing). Many of you are in your 50's looking to retire soon (mainly talking to future FERS retirees), and this won't help. Timing may be your only chance.
Yep, my thoughts exactly, been thinking these thoughts for awhile. Fortunately? for me, I got a late start on real career thanks to getting out of college in 79, just in time for no jobs with any longterm prospects, plus competing with Nam vets to boot back then, entry level jobs. Long and short, I'm early FERS but long til retirement, gotta get my 30 in, thats still 10 years off and I'll likely stay longer for fiscal reasons, my stash won't be big enough yet by 62. I got time to grab the bull when he decides its time to get up and go, whenever that is, but in the meantime, its timing and being extremely selective on outside investments for me, including picking up bargain divvy stocks here and there.
Hey Birch, ever own ATN? Days of future past. I no sooner buy for the juicy divvy than they decide they're no longer paying divvies. I didn't even get one single divvy before they changed their rules.
