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I had a failed business at 40, which basically left us with no net worth. Got a “real job” and retired 17 years later with enough to live on, mostly due to investing success. After retirement, continued to build our portfolio.
I completely ignore the advice to split funds between bonds and stocks (because “bonds are safe”). IMO, bonds are not “safe” because they do very little to generate the assets you will use to retire and go on to live well in retirement. Before this latest downturn, we withdrew money at incredible rates (up to 15% per year and even beyond) and STILL multiplied our portfolio 5X in the period of 2011-2021. (Unfortunately, I was too stubborn to sell in the latest downturn and we lost a lot of $$$… rebuilding now and doing fine).
Bottom line: Investing for growth overcomes all intervening “issues” short of a collapse in society.
Rob
Former RB and BL Home Fool, Supernova Portfolio Contributor & Maintenance Fool
He is no fool who gives what he cannot keep to gain what he cannot lose.