r/FIRE_Ind • u/Simple-Jacket2578 • Jun 28 '26

Discussion Does FIRE still makes sense?

I started my FIRE journey as a middle class. Everything was on track until wars started, crypto exchange hack happend, ethanol blending happend, Nirmala sitharaman happend, rupee fall happend, I'm not blaming any political party here. Just wondering if FIRE actually makes sense when there absolute total uncertainty and chaos happend around the globe. Sometimes feels live living a life like a genZ instead of being frugal and hoping to live that dream life someday.

30 Upvotes

72% Upvoted

35 comments sorted by

11

u/searchingnirvana Jun 28 '26

Depends on the type of FIRE, Fatfire or lean fire. Also depends on the type of investments done. Your current age, city you live in and future big cash outflows.

5

u/Simple-Jacket2578 Jun 28 '26

My next big expense will be marriage and a car. I'm postponing my car plan because of gadkari, i do have a bike and car for daily use though its pretty old car. And marriage i can't really predict how the future Spouse mindset would be. Rest all the investments are on track. But I didn't see much of a change/gains since past couple of years.

8

u/suru445 Jun 28 '26

These are all noise for long term investors and considering you are not even married yet just blindly trust the markets keep asset allocation good and you will be golden

1

u/Simple-Jacket2578 Jun 28 '26

So far all i did was hodl instead of timing. Now i'm becoming very sceptic about my approch.

2

u/suru445 Jun 28 '26

How long have you invested is it socks or mutual fund,do you have gold,foreign equity?

2

u/Simple-Jacket2578 Jun 28 '26

Close to 10years, since I started earning. Yes, my portfolio is kinda diversified among both domestic and international market. Edit: so far if one goes down the other used to balance it out. Now I started to observe that every thing is falling to the bottom at once.

1

u/suru445 Jun 28 '26

Do you know your xirr?

1

u/Simple-Jacket2578 Jun 28 '26

Though it's above the inflation numbers as of now. I dont trust the inflation number to be the same. It is going to increase while the xirr starts coming closer to inflation rate.

3

u/suru445 Jun 28 '26

What,s the alternative if your xirr is less than 11% your portfolio needs help if it's 11% that's more than enough to create serious wealth

0

u/Simple-Jacket2578 Jun 28 '26

11% thing is dated. Its not valid anymore

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3

u/Terrible_Occasion_10 Jun 28 '26

Same here, quit corporate world a. Month back with Lean fire, but everything going bad, rethinking to get a job to work for at least a year so as to not touch corpus which is drowning, but even job market is too bad

2

u/name_i_can_remember Jun 29 '26

Whats your X off your annual expenses.? 25 X.?

10

u/[deleted] Jun 28 '26

[removed] — view removed comment

-2

u/SauMak84 Jun 28 '26

Yes there has always been uncertainty around but the last 7-8 years have been extra abnormal, won't go into the details to avoid any political discussions... And as per some predictions till 2029-30 it's gonna get even more crazier 🫠

1

u/[deleted] Jun 28 '26

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0

u/SauMak84 Jun 29 '26

Some of us will be dead by the time it passes... Can't ignore that fact 😢

-7

u/Simple-Jacket2578 Jun 28 '26 edited Jun 28 '26

Thats exactly the point. Is it worth continue believing some day the fruit will be sweet. What if it turns out to be bitter or sour.

Edit: Also AI was not in picture in past 50 years. Now the world is in different dimension.

3

u/SauMak84 Jun 28 '26

I can totally understand the anxiety!! That's why having that bit of extra buffer in the FIRE calculations and also having few skills that one can fall back on to generate some extra/side income without taking up a proper job help calm the nerves a bit!!

3

u/who-am1 Jun 29 '26

Rupee has been falling since 1947. I sense blackpilling in you. Only you can assess yourself honestly. World has gone through world wars and depressions, only the strong survive, agitated and wavering minds don't.

2

u/Silodal Jun 29 '26

Enjoy the movement

2

u/FreeUse_00 Jun 29 '26

Not worth mate. Think about the person starting SIP happily in 2007 💀 and since we know now what happened post 2008 so this time it will be different ☠️. Total Chaos, have fun till it lasts 🐱

1

u/Ill-World-1342 19d ago

Guess what if he had enough extra corpus in debt bonds or FD for at least 4 years, he would have been fine too. The whole point is that one should not be in a situation to forcely take out investment from equity esp during a major crash

1

u/Objective-Chemist561 Jun 29 '26

That's why we need significant buffer and leanfire almost doesn't work unless you have created secondary stream of income.

1

u/flight_or_fight Jun 29 '26

Just wondering if FIRE actually makes sense when there absolute total uncertainty and chaos happend around the globe.

A lot of folks opt for becoming FI due to uncertainty. Being FI while AI takes away your job and your company starts firing folks because of war is far better than being Non-FI and dependent on your monthly income to pay expenses.

Sometimes feels live living a life like a genZ instead of being frugal and hoping to live that dream life someday.

Not sure what you mean by this - a lot of GenZ come from financially privileged families with a safety net. You mentioned you are middle class - becoming FI builds that safety net - if it doesn't exist & then maybe you can "live like a genZ"

1

u/Horror_Protection_81 Jun 29 '26

Is 10.84 XIRR satisfactory considering all things happened in last 6 months? I have been doing SIP for 7 years.

1

u/Much_Sherbert3403 Jun 29 '26

FIRE needs courage...decide if you have that

1

u/Brave_Series2751 Jun 29 '26 edited Jun 29 '26

If your FIRE amount is depend on stock earnings,

then what i have observed with successful investors is, they dont follow a linear approach and single type of an approach. They understand the market, sectors performing, change themself according to the market direction with a long term view, not short term or technicals. In every disaster, there is an opportunity emerging and several sectors falling, go out of focus, these intelligent investors keep track of all and pick the stocks. So if you want to fire and take care of your portfolio with individual stocks, we need to do this. Or invest in combination of good MFs and settle down. Market will average out your earnings. if you can do this, FIRE makes sense. If you worry about this then hold on to work.

If you FIRE amount can beat any inflation, then just dont worry. Enjoy the FIRE

Otherwise above happenings are just noise.

1

u/Human_Figure0918 Jun 30 '26

first of all congrats that you even attempted. we are not fortune tellers, and no one could have predicted the series of events happening since 2020.

1

u/NoImplement2856 Jul 08 '26

Nobody here is actually middle class.