Quote:
Originally Posted by nn0wheremann
What goes up comes down. It is all Monopoly Money, just paper, unless you sell, and monetize the loss. Interest rates are still cheap. If you need cash, borrow. Otherwise, hang on, this roller coaster is a long way from bottom.
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As long as one has enough dollars to get them thru to their final breath it really doesn’t matter. I don’t honestly get the hand wringing over the market’s ups and downs. If you have structured your retirement correctly, your investments are largely insensitive to market volatility, your unsecured debt is zero, house paid for with no mortgage, you have sufficient cash flow to support yourself and your kids are educated living their life with a solid career.
For those yapping and fretting about leaving inheritances to family, you did something wrong somewhere. My kids are educated and working in solid careers supporting themselves. The last thing they need from me is an after death hand out. What is left after estate taxes and final expenses will all go to charity.