If I sound dumb don’t mind me I’m still kind of new to this. I’ve been reading a lot now about people who hit ‘coast fire’ and no longer need to invest because they are saying they did all the heavy pulling and will now just let it compound into the millions. What happens if the market crashes 50-80% like these doom and gloomers say? Does coast fire give them enough cushion to where they’re still coasting? I don’t get it
If I sound dumb don’t mind me I’m still kind of new to this. I’ve been reading a lot now about people who hit ‘coast fire’ and no longer need to invest because they are saying they did all the heavy pulling and will now just let it compound into the millions. What happens if the market crashes 50-80% like these doom and gloomers say? Does coast fire give them enough cushion to where they’re still coasting? I don’t get it
If I sound dumb don’t mind me I’m still kind of new to this. I’ve been reading a lot now about people who hit ‘coast fire’ and no longer need to invest because they are saying they did all the heavy pulling and will now just let it compound into the millions. What happens if the market crashes 50-80% like these doom and gloomers say? Does coast fire give them enough cushion to where they’re still coasting? I don’t get it
I’ve been DCAing ~$2k/month into VOO and feeling stressed after reading a lot from Kris (@ektrit on X, “War Economy by Kris” on Substack).
His core takes:
• S&P 500 is basically “elite UBI” / a Potemkin village of meaningless digits, centrally controlled and detached from real production.
• The West has shifted to an “asset-based economy” (stocks and houses magically supposed to produce goods/services) while the real world is about actual production, supply chains, and barter (e.g., China bartering finished goods for commodities/oil instead of relying on USD).
• Assets (including stocks) will drop 50-80% to match local productive capacity in the West.
• Permanent managed decline for the US, no real recovery — prepare with short-term gov securities/GICs/liquidity instead of equities.
He’s been saying versions of this for years (e.g., ultra short S&P in 2016, which didn’t work out well).
Curious what investors thinks:
• Is there any merit to his supply chain / de-globalization / elite capture / asset-vs-production arguments?
• Or is this classic permabear doomerism that’s been wrong on timing and magnitude?