@mrdylansirol@theficouple Depends on your expenses and where you live. 40-50k a year can go a long way with no debt and the like. If I didn't have a mortgage we can live comfortably on about 60-70k a year and that is in a HCOL area (health insurance is included in that) and go on 2 family vacations a year
@theficouple I don't feel wealthy....but I guess I am by surveys. I am definitely doing better than the average American. And no, I don't make 500k a year or even close to that. I wish.
@midascabal Yes, a bear market will come…in fact you will have 10-12 in your lifetime but history says that it will eventually come back. No 20 year period in the history of the market has lost money, not one time
@InvestingAddict Because the young are hubristic and.m believe this time is different. I have heard that for 35 years. Nope it’s not! For the average investor the best bet is to just buy the whole market
@midascabal So your prediction this will be more severe than the 89% drop over a four year period of the Great Depression even with all of the reforms that have been made since that time. Either you are being hyperbolic or don't understand history.
@Milajoy I know you are engagement farming, but there has to be a better way to do it. This is the 4th time you have posted this same "I'm Done" kind of post over the past 2 weeks (and I don't even follow your channel). Get some new material.
@scandlenjosh@texasrunnerDFW January 1968-December 1981, in inflation adjusted returns, you lost money during that time. It was a secular bear market. The nominal return during that time is about 7.5%, but include inflation and the real return is negative.
@scandlenjosh@texasrunnerDFW Yes, I did. I don't know what data site you are using, but I went on three different ones. DQYDJ, Money Chimp, and Of Dollars and Data, from January 1968 to December 1981, the inflation adjusted return was about 1.4-1.51 (with dividends included).
@scandlenjosh@texasrunnerDFW And I am still investing and will invest in the secular bear as well. But the fact is her take on a decade of smaller returns, considering we have had 17 years of 15% returns isn’t a bad one. The question is when will it happen? More likely than not sooner than later
@scandlenjosh@texasrunnerDFW Why is it a dumb take? Secular bear markets aren’t unusual…1929-49, 68-42, and 2000-09 or 13 depending on who you ask is normal. We are due for a start of another secular bear to start in the next 6 months to 3-4 years. The 2030s most likely won’t be good for stocks