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.
That's me. My stuff is in a very conservative/diverse/low risk managed portfolio -- defined contribution pension fund. Didn't get hit too badly in the Last Big One, and the risk managers have (I'm told) taken steps to further reduce exposure in the event of a Next Big One. We shall see.