Reply to My issue with stock market bubble fears

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[quote=Anonymous][quote]OP here and I continued to be confused. The responses along the lines of “not everyone has time” are kinda bullshit, right? I mean, the whole idea is to buy and hold, usually to ensure your retirement. So you’re supposed to start early and hold, and if you do that you can ride the ups and downs without a problem. So what am I missing?[/quote]

You are missing a couple of things. One is that someone may be forced into an early retirement, whether by a lay off or by an illness, and that person could be stuck pulling money out while stock prices are low. That means that they have to take out more stock to get the same income.

Also the "you're supposed to start early" may not have happened for some people. Some people don't even have jobs with any kind of 401K match. Some people are barely holding on with their take home pay. They may have started contributing later in life. Maybe they were helping a kid through college or helping parents in their final years.

Your confusion may stem from being in a silo. [/quote]

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