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Started by Sam, November 06, 2018, 11:11:45 AM
Quote from: Orphan on November 06, 2018, 03:00:09 PMAdamJane,You picked a winner there. Smart lady. Give that girl a high five.
QuoteThe biggest issue with the FIRE movement is that it's the ultimate bull market phenomenon. FIRE seems to work because the stock market has gone straight up. A bear market will change that. Even if stocks do return 8 percent to 12 percent over time, it's not going to be any fun living on a shoestring budget and watching your nest egg decline
QuoteThere are positive aspects to the FIRE movement. It has got people thinking about saving and long-term investing in a productive, positive way. That definitely is not a bad thing, but saving and investing should be for the purpose of future consumption or for charitable contributions, not so you don't have to set your alarm clock.