In a previous post, I discussed the futility of working when your net worth is declining. During a stock market crash or recession, your Return on Effort (ROE) for working drops significantly. Therefore, the only way to increase your Return On Effort is to work less, not more. At some point in your life, you’ll| Financial Samurai
Starting on July 16, 2024, we had a mini-stock market crash with the S&P 500 declining from 5,667 to 5,186 by August 5, 2024 (-8.5%). The NASDAQ saw a larger drop, falling from a high of 18,647 on July 10, 2024, to 16,200 on August 5, 2024 (-13%). And the bloodletting might not be done| Financial Samurai