When you're high fiving yourself because the market's been up and your make of money hand over fist, that's usually the time of biggest risk. If i'm you, i am thinking that if i have a long time until i need this money, this is a great time to be stuffing money into the market. I remember investing aggressively in 20 11, 20 12, back when everyone still thought that investing was dangerous. And man, that has quite literally changed my life. Probably none of this would have happened had i not very, very aggressively invested immediately after the great recession.
#399: Bella is SO CLOSE to reaching F.I.R.E and is worried about her withdrawal rate if the stock market drops. If the stock market does drop, can she withdraw as much as she had originally planned?
Sam has been investing for several decades and thinks that he should stay invested in his portfolio, despite the recent drop in value…but he is still wondering if there’s a chance that he should sell.
Meisha is making more money at her new job but can’t contribute to her 401(k) for the first six months - what should she do with her extra money in this interim??
Kyria is a young investor with multiple goals: she’s wondering how to best save for a downpayment without it being eroded by inflation and also whether her investment choices should take on more risk, since time is on her side.
Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode.
Enjoy!
P.S. Got a question? Leave it here.
For more information, visit the show notes at https://affordanything.com/episode399
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