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Reply to "Feeling bitter about having been born too late"
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[quote=Anonymous][quote=Anonymous]I was first able to invest money in the late 90's. If you look at the DJIA, the market was basically flat for the next 15 years. It went up (tech runup), then down (tech crash), climbed a bit, great recession, recovery. It wasn't until the mid-2010's that I started to see real, long-term growth in my retirement accounts. So complaining about "missing out" is nothing new. [/quote] This. We lost 40% of everything we had saved and all the equity in our house in the Great Recession. When you have major market losses like that you actually have to then earn a significantly higher percentage to earn it back. Nice stable 5-6% returns are great for you, OP. Also, I lived in a group house in my 20s and didn’t own a car until I was 28 (at which point my husband and I bought a used one together). We bought a cheap starter house at 31 in PG. I just can’t bring up that much sympathy for the 20 somethings that can’t buy a new car and house in Alexandria. [/quote]
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