Originally Posted by
datlas
No, I am NOT making any changes. I am ready to ride out another full cycle. My advice is really towards those 65+.
Sad story: my aunt, who is now around 80, lost about HALF of her investment value in the crash 10 years ago. She could not accept any more risk and got out at the bottom of the market. If she had stayed in, she would have been on easy street.
Buy low, sell high. It's kinda high now, so reasonable to sell if you are over-leveraged and older.
Exactly. Leveraged, according to my definition, means you bought securities on credit. I'm not that much of a playa.
We are 63 and gradually shifting from about >85% equities to an eventual target of 70 or so. That's all. We also just set up a charitable gift fund so we can begin selling off old and highly appreciated stuff tax free and get rid of some companies that are bad for the world in the process. It's great thing for anyone who has a lot of cap gains and gives away significant amounts of money.