08-28-2021, 10:09 PM
Ken, I could allow allocation to stress me heading into retirement. I have a cash bucket that could cover three years. Several pensions not counting SS. Most of my stocks are Div players and my option selling game can out income a Div stock if I am smart enough to keep it extremely conservative.
Now of course it would be easier if the market doesn't have consecutive horrible years. I don't think it's paranoid to plan for a rough year fairly soon though. We are all part of a grand money printing experiment. This has never been tried before at this extreme. It may be short in duration but these algos are gonna scare the hell out of the market much like last March. I can't be greedy now and be in a spot I can't fix when retired. Let's hope problems are years away.
Now of course it would be easier if the market doesn't have consecutive horrible years. I don't think it's paranoid to plan for a rough year fairly soon though. We are all part of a grand money printing experiment. This has never been tried before at this extreme. It may be short in duration but these algos are gonna scare the hell out of the market much like last March. I can't be greedy now and be in a spot I can't fix when retired. Let's hope problems are years away.