Quote:
Originally Posted by Chocaholic
Yes, over 115 years, the markets have gone up. But, most of us don't have that long. A two year tumble could be devastating to those who are planning to retire soon. At some point it's logical to become more conservative. I've got 7 or 8 years before retirement and a lot can happen in that time. All a matter of perspective.
If I was 30, yep, all in. Now, not so much.
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I "retired" at 48, back in '08 when my dept. was outsourced...by choice, rather than continue with whom I considered the Motormeister of my field. I was "all in", and stayed "all in" through it all....wasn't fun
. Part of my periodic rebalancing is what you allude too...oldfartitis
Don't need anything but slow and steady, but still have about 45% of my investment portfolio in equities, and will probably never reduce that percentage again. Multifaceted approach here....everyone's situation is different....YMMV.