newfie
Well-Known Member
thanks president trump
Close enough to retirement that it makes sense.
When a market was crashing I was all in I dug up every nickel and dime I could afford to put in there because I knew it was buying opportunity.
It paid off very nicely, now I don't want to lose it all.
I'm not wanting to say this sky is falling but the Down side potential right now way out ways the upside potential right now IMJO
It all depends on your timeline. Is there a good chance that the market will have a big pullback in the next 12-24 months? Absolutely. But do you think it will be higher in 5 years? 10 years? I do.
That's why I'm 50/50
I saved a pretty good amount up.
I'm about 70/30 stocks/bonds currently, thinking about re-balancing to the classic 60/40 but that's as far as I would go, I'm not smart enough to time the market and I don't anticipate needing the money any time soon so I'll just ride out any downturn.
I am not trying to time the market
But if you have told me in March 2019 what my retirement plans will look like today I would have told you it was crazy.
That's exactly why I'm concerned.
I have made many mistakes and have always picked the right assets allocation but...
The hair on the back of my neck is standing up right now
If your retirement plan is going to be reliant on the 401k right from the get then you're doing the right thing imho. Obviously we all worry a bit about the market but my plan has always been to balance my investments based on my timeline rather than what I think the market is going to do in the next 12 months.
I'm more worried about the next 36 months then next 12 months
That would be a record bear market by a large margin. We just had an 11+ year bull market though so it could happen. I think more likely we get something similar to the 2000 dotcom crash or the 2008 financial crash but who knows? It's also possible we get 4 more years of solid returns.
I think we get a good short term bounce with all the stimulus money but after that...
floridays
Well-Known Member
newfie
Well-Known Member
then back out if your comfort level is not there
I am
I may have mistakes but one thing I have learned do not second guess myself
newfie
Well-Known Member
we generally have a recession about every 8 years. we are overdue for one. I'm pretty much conservative investments right now
floridays
Well-Known Member
Any international markets?
Do you not have think The market is over priced?
floridays
Well-Known Member
Do you?
