My point is regardless of the asset class…It amazes me people still camp out waiting for the one shot once in a lifetime event. I don’t know, that to me seems to be an incredibly risky strategy. What if you’re wrong???
If folks made an annual $15k towards their 401k every year for 25 years, even with a less than stellar return of 5% , that’s slightly above $800k after 25 years.
You started working at 22-23, you’d be there around the time you were in your mid forties.. and that’s just with the 401k itself, not counting on any other investments elsewhere.
I fail to see why there is a need to bank your entire retirement strategy on one major catastrophe , other than self validation that you are right, everyone else is wrong, and that you are better than the average person.
