1 upvotes, 3 direct replies (showing 3)
View submission: Living with no Retirement money
A tanking stock market is only a problem if you panic sell when it crashes or if you have the bad luck and need to live off those investments while the market is down. You only realize losses when you sell while it’s down. I have lived through three market crashes in my career and my portfolio is fine - 2000 dotcom crash, 2008 GFC and 2022.
Comment by SameStatistician5423 at 06/02/2025 at 03:54 UTC
1 upvotes, 1 direct replies
So if your stock is say in Blockbuster?
Comment by Desperate_Fly_1886 at 06/02/2025 at 04:33 UTC
1 upvotes, 1 direct replies
I worked with the government with these three other guys, we’re all GS 12 making over $100,000 a year, in a nice part of California. In 2008 when housing prices dropped all three of those guys dumped their houses back on the bank because they just never lived through a drop like that. I retired two years later and by then property had regained its value and they were all renting.
Comment by DuffyBravo at 06/02/2025 at 13:44 UTC
1 upvotes, 0 direct replies
This! Started working in 1995.