Should I move to cash?

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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.

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Personally, that is far too aggressive a stance for a 61 year old with what is presumably a 4 year window to earn.

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.

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I’m not trying to time the market,

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Good Idea

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Should I move to cash?

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I’m just not convinced we are at the low point yet

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This is the definition of trying to time the market.

Wait a year at this point.

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?

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Personally, that is far too aggressive a stance for a 61 year old with what is presumably a 4 year window to earn.

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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.

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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.