Quote:
Originally Posted by Chocaholic
60...with retirement a few years off, elderly parents that may become a $ drain, 2 in college still, etc., seeing markets this high, a possible military action, election cycle starting up, I’m just not sure if Janus fund managers are as cautious as I am. Hedging a bit but struggling to feel confident that the ascent will continue unabated.
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At 60 and still working I would want 10%-20% in cash while continuing to max my 401K or IRA into stocks every month. Dollar cost averaging through market moves goes a long way towards mitigating purchase risk.
Bond yield curve and PE ratio suggest we will see a downturn sometime in the next 2 years but how deep and how wide? Who knows? Balance sheets still look ok.