> if you need your liquidity during a crash, welp you're fucked.
But this simply means you didn't predict that you'd need the liquidity, which is easier than predicting the crash.
You have to know that as you get older, you will likely need that liquidity more. Thus, you should be swapping illiquid assets over time, as you get older, bit by bit.
Not doing it is equivalent to taking a bigger risk than you could afford to be taking.
> predicting exactly when you are going to need your savings - eludes millions of people
it doesn't elude millions. it "eludes" those who didn't plan their financial journey, or take more risks than they should be (for example, not liquidating a chunk when planning on having a baby).
Just because people can't do it well, doesn't mean it isn't what they should be doing. Financial planning is not "put all money into the stock market and hope for the best", as the grandparent post implies.
But this simply means you didn't predict that you'd need the liquidity, which is easier than predicting the crash.
You have to know that as you get older, you will likely need that liquidity more. Thus, you should be swapping illiquid assets over time, as you get older, bit by bit.
Not doing it is equivalent to taking a bigger risk than you could afford to be taking.