100% stocks or even 90% stocks as a retired limited income person is nuts. No matter the performance of stocks vs bonds over the past 100 years. Cash, stock, bonds, and balance. You need to have funds available in non-volatile areas that cover your needs...if you are 70 or 80 and have the cash and can survive a 50% crash in the market then fine. Otherwise diversity is king. I have a 60/40 mix and property assets that I rent and on disability with SS and 5 yrs of cash. That is safety and room for fun. Market dives - I don't care it will come back....
Not too worried. Vanguard projects that my wife and I are covered till our 90s. We have LT Care for the homes. 2 houses paid off (Lake and Main house) and no debt at all. I also ride a motorcycle on long distance trips, so my probability goes down a bit. But I do what I enjoy. Not going to be 88 and headed out the door saying "Gee I really wanted to do that.." ... If I had my choice I would just stay home, read, walk the dogs, and drink coffee.
Comments
100% stocks or even 90% stocks as a retired limited income person is nuts. No matter the performance of stocks vs bonds over the past 100 years. Cash, stock, bonds, and balance. You need to have funds available in non-volatile areas that cover your needs...if you are 70 or 80 and have the cash and can survive a 50% crash in the market then fine. Otherwise diversity is king. I have a 60/40 mix and property assets that I rent and on disability with SS and 5 yrs of cash. That is safety and room for fun. Market dives - I don't care it will come back....
Post: Is a 100% stock portfolio reckless?
Link to comment from June 22, 2024
Not too worried. Vanguard projects that my wife and I are covered till our 90s. We have LT Care for the homes. 2 houses paid off (Lake and Main house) and no debt at all. I also ride a motorcycle on long distance trips, so my probability goes down a bit. But I do what I enjoy. Not going to be 88 and headed out the door saying "Gee I really wanted to do that.." ... If I had my choice I would just stay home, read, walk the dogs, and drink coffee.
Post: Long Odds
Link to comment from May 4, 2024