Same discipline as with any other option - put money in and don't look at it. If you have to do something, put more money in when the market tanks - you're buying low.
On Fri, Jan 1, 2021 at 3:08 PM Andrew Strasfogel via Mercedes < mercedes@okiebenz.com> wrote: > *If you're investing in market index funds, you don't need an advisor.* > > Yes, but who has the discipline? And if the market tanks then what? > > On Fri, Jan 1, 2021 at 3:44 PM Jim Cathey via Mercedes < > mercedes@okiebenz.com> wrote: > > > Even 6-12mo slush fund wouldn't have worked for me. Without a mortgage > > (or rent), though, even > > a fairly modest fund can stretch out well. IIRC, the two biggest > expenses > > are mortgage, followed > > by health insurance premiums. Those keep draining funds at a fixed (and > > high) rate no matter what. > > Everything else you can push back on. Stop going out, learn to cook > more, > > take better care of your > > wardrobe, read instead of going to shows, wear more sweaters and turn > down > > the heat, etc. You can, > > of course, let the health insurance go too, but that's a big gamble. > > Fairly dangerous. > > > > -- Jim > > > > > > _______________________________________ > > http://www.okiebenz.com > > > > To search list archives http://www.okiebenz.com/archive/ > > > > To Unsubscribe or change delivery options go to: > > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > > > > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > -- OK Don "Whenever you find yourself on the side of the majority, it is time to pause and reflect." Mark Twain “Basic research is what I’m doing when I don’t know what I am doing.” Wernher Von Braun 2013 F150, 18 mpg 2017 Subaru Legacy, 30 mpg 1957 C182A, 12 mpg - but at 150 mph! _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
