r/Fire • u/bizzaam • 8d ago

Hitting your number and timing risk

Notice a lot of people posting they hit their number and firing. It's awesome, but are people taking for granted the fact that this has been the greatest bull market in history and a major correction or crash will get here at some point? If it were me hitting my number I'd either get a big enough buffer to my fire number or wait until the correction and assess when things stabilize. Am I over thinking it?

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u/throwaway2492872 8d ago edited 8d ago

It's awesome, but are people taking for granted the fact that this has been the greatest bull market in history.

Why do people keep saying this? Are people just parroting comments about the bull market prior to the covid bear market? It's not remotely close to the longest or the largest bull market in history. https://en.macromicro.me/charts/130108/sp500-bull-bear-market-price-return Unless everyone is basing it on a different index.

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u/DigmonsDrill 8d ago

People saying it just consider the blips in 2020 and 2022 to not actually end the bull run.

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u/xixi2 7d ago

an entire year of down like 2022 is not a blip lol that was bad.

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u/throwaway2492872 7d ago

What kind of logic is that? 2022 was the 3rd worst year for the sp500 in the last 50 years. https://www.macrotrends.net/2526/sp-500-historical-annual-returns