I agree that a large stock allocation is great while you are still accumulating for retirement! However, if you are in retirement and spending from your retirement accounts I would not be "happy to see the bear market last a few months longer." "THE BEAR MARKET HAS now dragged on for 15 months—and no doubt plenty of anguished investors are second-guessing their allocation to stocks. But as for me, I grow more enthusiastic with every drop in the Dow Jones Industrial Average. In fact, I’d be happy to see the bear market last a few months longer, so I can finish fully funding various tax-advantaged accounts for 2023."
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I agree that a large stock allocation is great while you are still accumulating for retirement! However, if you are in retirement and spending from your retirement accounts I would not be "happy to see the bear market last a few months longer." "THE BEAR MARKET HAS now dragged on for 15 months—and no doubt plenty of anguished investors are second-guessing their allocation to stocks. But as for me, I grow more enthusiastic with every drop in the Dow Jones Industrial Average. In fact, I’d be happy to see the bear market last a few months longer, so I can finish fully funding various tax-advantaged accounts for 2023."
Post: So Much to Like
Link to comment from April 1, 2023