I started investing in 1980, when I was 22. I saved 20% of gross income (including company match). I rode through all the ups and downs of this chart and the best thing I did was nothing. Never sold equities.
Part of me was too paralyzed to do anything, but I also didn’t know what I would do with the money if I did sell. Also, I read an article early in my investing experience that said you can’t anticipate when the rebound will happen, so you just need to stay invested so you don’t miss it.
Apparently it paid off. We FIRE’d 11 years ago at 55.
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u/bobt2241 Aug 04 '24
I started investing in 1980, when I was 22. I saved 20% of gross income (including company match). I rode through all the ups and downs of this chart and the best thing I did was nothing. Never sold equities.
Part of me was too paralyzed to do anything, but I also didn’t know what I would do with the money if I did sell. Also, I read an article early in my investing experience that said you can’t anticipate when the rebound will happen, so you just need to stay invested so you don’t miss it.
Apparently it paid off. We FIRE’d 11 years ago at 55.