|
Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,897
|
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, and there are plenty of them in the chart above. 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.
|
Bingo! Already retired...also, "not so much". Yes, it seems few are watching those P/E ratios...
Anyway, there does come a time when preservation is more important than assuming risk.
__________________
"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent."
-Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.)
|