
Over the last 3 days, Dow Jones stock market drop has been sudden and severe, totaling more than a -11% drop from the end of last month . It includes two of the top ten stock market one-day declines of all time on an absolute basis. Some experts are saying this is the end of a six year bull market run as investor concerns rise with respect to slow growth in China and the potential impact to the world economy. The China concerns are becoming more worrisome as investors are also discussing whether the US Federal Reserve will begin to raise interest rates after a long time at 0%.
With our planned early retirement just 7 months away, should Mr. Fire Station call the whole thing off and work another year? The quick answer is “no” and “no”. First, markets go up and down, and proper retirement planning account for down markets more severe than this blip. Second, this correction is significant, but Mr. Fire Station’s investments remain up for the year. Continue reading “Big Stock Market Drop – Impact On Early Retirement?”
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