Joined: 26/01/2014(UTC)
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Busy doing nothing;336383 wrote:NPH;336371 wrote:Sara G;336329 wrote:I'm not so sure the past 5 years were the most significant for everyone. I had a good 2020 and 2021, but the previous 5 years were actually a lot better for me in terms of asset appreciation. But, unlike your friend, I stopped working in 2022, and then had other financial issues to deal with that took the shine off the latter stages of my accumulation phase. With taxes and the cost of everything rising, property values in my area stagnant or falling, and my investments not doing that brilliantly, I'm at the point where I'm looking at reining in spending, rather than ramping it up. Stopping work in 2022 - know how that feels. Portfolio has recovered but I can never really trust any gains again, and the housing market seems dead as door nail. This is why we tend to keep a largish amount of funds in cash investments/savings as a buffer against any potential stock market crash and not being able to access the money invested there for possibly years in the worst case scenario. Yes, aiming for 4-5 years 'safe' plus plus emergency fund. Many here would say 2 is enough but those scars run deep!
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