This is the nature of investing. Just when you think you’ve got it covered, a Black Swan appears. This event was particularly frightful, as it not only attacked our economic security but our human fragility. We were simultaneously forced into a conversation about the potential for economic ruin and death.
How much retirement income can you expect if the stock market doesn’t produce the types of investment returns that you’re anticipating during your retirement years?
Not that long ago, I jumped onto Thunder Road in an effort to relive my childhood; and I hated every second of it. Being used to the smooth and fast turns of newer coasters, I had forgotten how rough the ride was with Thunder Road. It was so brutal that I knew a chiropractic adjustment was in my near future. It would be the last time that I would ever ride that coaster.
Our plans miscarry because they have no aim. When a person does not know what harbor they are making for, no wind is the right wind. - Lucius Anneaeus Seneca
Now…the title of this article I ask “What If You’re Wrong?” because whether you realize it or not, there’s a story you tell yourself about your financial future and the impact of equity markets on that future.