One of them looks like my coworker Jen

I’m amazed how many Americans still drink crap beer.

Truth is stranger than fiction.

Or it may rise.

My advisor and I have talked about bucketing money into three groups when you retire:

Bucket 1 has what you need to live on for the next 5 years and it’s invested in cash or MMA/HYSA

Bucket 2 is for the next 10 or so years and is conservatively invested in 60/40 bond/stock mix or whatnot.

Bucket 3 is everything else and you invest that with a long term investment horizon.

That way you still have exposure to growth stocks but you don’t get in a position where you see 40% of your net worth disappear in a bad down market.

That’s kind of the point. Unlike rational markets, when stock prices fall demand falls as well. People sell their stocks because they’re afraid it will fall more. And then there’s all the doom and gloom in the media.

And then, out of nowhere, the market rises 14.4% in a month. And people start to get interested again. But the people sold at the low are now buying it at a higher price.