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Jack, I think that the guidelines for investment are just that-guidelines. Individuals have all sorts of varied degrees of skill, need and ability to handle risk. I think the 60 to 70% range is about right for me, because like you said, inflation will eat you alive and I think inflation is with us again. You need to keep the nestegg growing in relative terms too. I couldn't handle 90% and still sleep. Like you we took major hits in 87 and again in 2001, but still have done relatively well over the long pull. I remember watching the market collapse in both periods and actually had this disbelief that it was occuring! Ha!
I am an incurable bull and always look for positive signs, and I see them now. One is the recent increase in overall global liquidity and its positive relationship to stock prices. That is a clue of an upward trend beginning. So we'll see. Glenn
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