Quote:
Originally Posted by bobbyw8469
I contribute to my 401k. 31% to be exact. You can say the S&P is up. I am STILL in the hole from my peak around 4 years ago, under a different administration. And that is with me steady dumping 31% a year. Yes, I am glad the market is up this year. Yes, we are still in the hole. Those are facts.
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Somewhat paradoxically, we all should root for a gigantic bear market during our working years, followed by a raging bull market when we retire.
The general idea is to allow us to buy lots of stocks on the cheap while we're in acquisition mode, and then they all pop right before we retire, and we slowly liquidate during the bull market, getting top dollar for our investments.
So maybe we can all be thankful that the market was down for a bit to allow us to buy some more on the cheap?