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Your ‘Set It and Forget It’ 401(k) Made You Rich. No More. — WSJ (apple.news)

submitted 10 months ago by [email protected] to c/[email protected]

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For four decades, patient savers able to grit their teeth through bubbles, crashes and geopolitical upheaval won the money game. But the formula of building a nest egg by rebalancing a standard mix of stocks and bonds isn’t going to work nearly as well as it has.

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[–] sugar_in_your_tea 1 points 10 months ago (1 children)

You forgot the looming Cold War, and we're seeing similar stuff today with China, Russia, etc.

[–] [email protected] 2 points 10 months ago (1 children)

Indeed I did. Just further proof that this shit has always happened and will continue to do so. All we can do is live below our means, DCA througjout our careers, and keep improving our skills to stay marketable.

[–] sugar_in_your_tea 1 points 10 months ago

Yup, PFA concepts are simple and don't make exciting headlines. Implementing them is the real challenge, which is probably why people grasp at these articles to find some shortcut.