Sally Vix wrote:
agip wrote:
The problem with that theory is that it is not clockwork - a new high could come tomorrow or 20 years from now. I'm nearing retirement...a 50% drawdown would be a life altering event for me. We've had two of those in the last 20 years.
If there were no choice in what to do...everyone, from 10 year olds to 95 year olds would be 100% in stocks.
Yes, you are right. You are close to retirement. My advice was for those not nearing retirement. I still feel the market will be up to earlier highs in 3 months or less. Of course I may be wrong but there is so much money on the sidelines and no other investment alternative even close to matching what the market has done historically. Again, you nearing retirement would be wise to change up your portfolio.
*handshake*