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Originally Posted by pwd72s
Shift to equities in a volatile market? Damn risky for old folks like me. When young with time to ride out a market downturn that could last a decade or more is risk tolerant. When in your mid 70's with a heart condition? Well, you shouldn't be as tolerant of risk. Preservation of capital takes on more importance than potential gains (or sudden loss) through equities.
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I'm 67 and I've reduced my equities holdings to less than 50% of my portfolio for that very reason. I don't want to be eating cat food while waiting for a market recovery.
Not buying any green bananas either.
Quote:
Originally Posted by pwd72s
Yep, the market has done extremely well since Trump's election. But those of us who look at P/E ratios and other factors wonder how long the bull will last...
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I was expecting the bull to have died by now. I just don't see any reason for all this exuberance on Wall Street. With Washington's inability to get anything done, I believe it is inevitable before the end of the year.