I remember 1980, thinking about college and struggling with my major. Education major? English major? Education major with English minor? The other way around? Didn't matter, less than a year out of college I was in the computer field.
Now on the other side of my career I have another set of choices. Stock Index Fund? Fee-based fund? All Fixed income funds? And this time around, what I pick actually matters for the rest of my life. You pick the wrong choices or pick the wrong year to retire and you are in trouble. Retire in an "up" year and you are golden, but if you retire right before a slump -- well, that graph is terrifying, because that money is gone.
Retirement. It's on the horizon. I haven't had to think about the rest of my life since college, and I don't like it.
We're just in age-based funds which shift to less-risk-less-reward percentage the closer you get to target retirement age, and hoping it works out.
(I do not like the "your decision is incredibly important, potentially, and you do not have the necessary information about the future to make the correct choice, have fun!" thing, either. Not then, not now.)
Posted by: KC | November 01, 2021 at 05:22 PM
KC - it's troubling how I'm in a position where I can control large amounts of money, but it's pointless because I have no control of global events.
Posted by: TheQueen | November 01, 2021 at 11:30 PM