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.
Because there are no tools left for engineering an economic recovery (interest rates, deficit spending, cutting taxes all overdone) I fear the next recession will be both extreme and long. There may not be an upside to the cycle for a long, long time. Kind of like the Japanese experience when their hyper-inflated stock market crashed in the ‘90s. I wouldn’t be in growth equities now.