09-26-2021, 09:12 PM
(09-26-2021, 06:54 PM)with easefenders53 Wrote: You and I actually invested similarly over the decades. Had some things I wanted to try the past few years and now I have. I invested a little too aggressively until 2018 but got by with it. I dodged the GFC dip with half my port. One time I tried to time the market and got lucky. I get a little scared with retirement so close. Trust me I could still get hurt but I am not going to lose half my net worth now. That would be foolish. I could live happily with a port yield of 4% forever. This was supposed to be easy now. And here we are with 2% long yields that have more capital risk than that. I can beat that with option tricks and incur similar risk. It would be simple with a market pullback. May sound hard to believe but it's true.
i get how you feel, no one wants to lose 1/2 their portfolio at or near retirement--one of my fears is another great recession type market right in the very beginning of retirement--i can handle a normal correction with ease.
if all goes as planned i'm 5 (minimum) to 10 (maximum) years away from retirement, unless i'm forced out sooner--then i'll deal with it if that day ever comes--hopefully not. my health scare ended up being just that--a scare--so i can go back to my normal plan.
i'm not adventurous enough for calls/puts--i have enough on my plate from many directions lol
i kind of come here and SA to relax lol--it's become my FB--plus i enjoy doing research on various companies.
and yes a 4% yielding portfolio is gravy