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Started By
Message
Should I move to cash?
Posted on 3/22/20 at 6:55 pm
Posted on 3/22/20 at 6:55 pm
Right now I’m a 50% equity, 40% bonds, and 10% cash investor. I consider that a good mix for a 61 year old who could live another 25 years. Should I move to bonds or cash until this madness stops? I don’t have the luxury of another 10 years to go.
Thoughts? I have resisted this so far despite being down some significant $, but people have stopped acting rationally anymore.
Thoughts? I have resisted this so far despite being down some significant $, but people have stopped acting rationally anymore.
Posted on 3/22/20 at 7:05 pm to Auburn80
quote:
Right now I’m a 50% equity, 40% bonds, and 10% cash investor. I consider that a good mix for a 61 year old who could live another 25 years. Should I move to bonds or cash until this madness stops? I don’t have the luxury of another 10 years to go.
Personally, that is far too aggressive a stance for a 61 year old with what is presumably a 4 year window to earn.
Posted on 3/22/20 at 7:06 pm to Boatshoes
quote:
Personally, that is far too aggressive a stance for a 61 year old with what is presumably a 4 year window to earn.
50/50 is too aggressive?!? 60/40 is the golden standard 65 year old retiree allocation.
Posted on 3/22/20 at 7:11 pm to OleWarSkuleAlum
Well, I was planning on jumping back in when it started to trend up. I’m not trying to time the market, I’m just not convinced we are at the low point yet and wanting to preserve what I have. I wish Tom Hanks would hurry up and recover and show the world that a 60+ person with diabetes can recover.
Posted on 3/22/20 at 7:17 pm to OleWarSkuleAlum
50/50 is where your average 61 y/o should be IMO. It’s not extreme by any means
Posted on 3/22/20 at 7:21 pm to Auburn80
quote:
I’m not trying to time the market,
Good Idea
quote:
Should I move to cash?
quote:
I’m just not convinced we are at the low point yet
This is the definition of trying to time the market.
Posted on 3/22/20 at 7:23 pm to Boatshoes
quote:I hope you’re not a financial advisor.
Personally, that is far too aggressive a stance for a 61 year old
Posted on 3/22/20 at 7:25 pm to Auburn80
Probably too late for that. Warren Buffett went defensive in 2019. I did it in January, and currently have about 12% cash, 47% bonds and 41% stock. I am also 65.. if you change now you have to guess when to go back into the market.
Posted on 3/22/20 at 7:26 pm to Auburn80
Wait a year at this point.
Posted on 3/22/20 at 7:43 pm to FlyingTiger1955
Thanks for all the advice. I appreciate it.
Posted on 3/22/20 at 7:46 pm to Auburn80
How many years do you believe it would take you to draw down the cash and bonds, including bond returns?
Considering you think you have another 25 years in you, I would hope you believe that 50% of your portfolio would last you at least 12.5 years.
If so, why are you saying that you don't have the luxury of another ten years?
Considering you think you have another 25 years in you, I would hope you believe that 50% of your portfolio would last you at least 12.5 years.
If so, why are you saying that you don't have the luxury of another ten years?
Posted on 3/22/20 at 7:50 pm to Boatshoes
quote:
Personally, that is far too aggressive a stance for a 61 year old with what is presumably a 4 year window to earn.
Posted on 3/22/20 at 8:48 pm to Auburn80
Would be a dumb move at this point imo
Posted on 3/23/20 at 2:12 pm to Auburn80
quote:
Right now I’m a 50% equity, 40% bonds, and 10% cash investor. I consider that a good mix for a 61 year old who could live another 25 years.
I don't think you're too extreme in your allocation. But we don't know what your income is going to consist of going forward (pension, income producing RE, etc.) or how much longer you're going to work.
Everybody is just guessing right now - including the talking heads/"experts" on the 24/7 boob tube channels. No one knows if the economy or the market is going to tank further. A recession looks increasingly likely at this point. As to whether it will be a deep or long lasting one, who knows? So depending on your income needs and what your portfolio currently yields, maybe you do need to rethink where you are, just in case things get worse.
But would I completely blow out the equity portion of my portfolio? No, but that's just me. I don't know what your future income needs might be. Good luck though.
Posted on 3/23/20 at 2:16 pm to Auburn80
I just revinested 100% today after bailing at 29k.
There’s an old saying, don’t fight the fed...and if you read through what the announced today, it is the most aggressive central bank action I have ever seen.
There’s an old saying, don’t fight the fed...and if you read through what the announced today, it is the most aggressive central bank action I have ever seen.
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