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Old 01-15-2018, 04:10 PM
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lit041000 lit041000 is offline
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Originally Posted by epeddy1 View Post
Yeah, that's my point. And why millennials are bearish on equity risk - they are still working on their emergency fund. And why I responded to your quote. A millennial would likely have to sell and realize a loss on their equities if the market tanked because it is unlikely they have a sufficient liquid emergency fund. Not saying it's impossible for a millennial to have a 12 month income or whatever emergency fund, but given millennials are just starting out, unlikely.

In other words, it's not "I can't stomach a 30% drop because I'm a millennial and I saw the GR and waaaaahhh!" but "I can't stomach a 30% drop because I still rely on my entire savings as an emergency fund and require liquidity in my entire savings (non 401k etc)."
Yep. I'm 31 and only just now debt free and saving my emergency fund. I could have handled my loans more effectively in college but I had to learn the hard way how long it takes to pay debt.
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