Quote:
Originally Posted by DAB
many years ago, we were talking with our financial advisor guy, and i made the point that at some point, if you do things right, you can stop taking risks. for example, if you figure you need 50k/year for 40 years, and you get to 2M, well, that should cover you nicely, so you can stop taking risks and get out of the market.
he got this horrified look on his face.....
we have trimmed back some risk over time.  |
I don't use money that I can't afford to lose.
As far as my 401k though, if you're not in it, you can't win it, so while I'm in a small cap fund and a index 500 fund, I can be out in a day if need be. That is up 4.5% ytd so far.
Until the Fed mentions the word tapering, I'm balls to the walls in.