I'm not looking to share sob stories, but let's say when life gets kicked in the balls, you really don't want to be waiting on funds to sell (nor be worrying about rebalancing and taxes and holidays and such). The world's worst humblebrag in a lifechanging situation is being glad I obeyed this old advice.
If you’re eager to buy VOO or cryptobitdoge or whatever people do, then you should be in a position to know how you'd pay bills if you broke a leg, lost your job, lost a family member, got your house eaten by giant robots, etc. Hopefully you'll never be glad you did--if that makes sense. TL;DR: It's tempting during a historic bull, but don't actually put all your chips in.
Submitted December 26, 2017 at 12:08AM by d_marvin http://ift.tt/2De4RWu
