I’m the same way, only more responsive because I’ve never been a b&h guy. I too have won, but I also have seen others who won go down the tubes in ‘00 and ‘08. So easy to do. You can survive even if you are only in 50%, but who the heck wants that? Old guy thinking, indeed. I think we’re the same age agip, and I’m in only a bit north of 3%—and nothing fancy at the moment, just straight mega-cap equities, overwhelmingly US. No futures, no shorts, no options, no forex, nothing.
I YEARN for a 50% drop and am ready for it, but I know it won’t happen any time soon. Millennials will have a long wait on their hands. Many of them plan to inherit, lol. I am 52 and not a boomer, but I have a boomer father-in-law with money, who will no doubt burn through it and end up living with us. Incredible burn rate, living in Hawaiian beach penthouses at height of season, a real a-hole. Inheritance is, unfortunately, not the option that many might believe.
I continue to ask what will drive markets to good returns in the future. Organic growth? Yes some in Africa and maybe Asia, but not really. A new sector? Cannabis? Beats me what it will be. Inflation of a new asset class? Which one?
It will be a stock picker’s game, for those wanting alpha. In that environment, setting up and running your own business starts to make sense. I have toyed with making private loans as a business, and it showed some promise, but I didn’t want to continue. Markets are just so easy in comparison.
I find myself considering CD ladders just to stay even. Elsewhere in the world there are profitable REIT’s, and even the equivalent of structured investment vehicles.
I might just stick to utilities, CD’s, alcohol, and tobacco. Old man stuff??