Hi all...a 61 year old with "retirement" in the planning process. I put retirement in "" as I have been self employed for nearly 8 years...as a troubled company "turnaround" guy. My self employment goal has been to earn enough to not withdraw from my investment accounts...which has worked out well to date.
My investments are approximately 50% equity and 50% fixed income...mostly CDs (a 10 year ladder), MM and other fixed income type accounts. I use primarily Vanquard index funds. I keep very good performance records and have for nearly 20 years.
My investments dropped about 40% in value during the past year...but my current total is now only down 7% from my account total peak historical amount. Note...I had some extreme "luck" in a couple of the two individual company shares I owned. OSK and INZ...I took a risk and doubled down on each...OSK at $4 (declined from $60-$4) and INZ at $4 (declined from $25-$4). Both recovered essentially to the point where I regained the value at their high point. I did do a little "day-trading" in each and bought and sold a couple of times on their way yo recovery.
Please...this is the ONLY time I have done any "trading" like this...I have no intention to try this again as I will likely lose instaed of gain. It did help me recover to the point I am now.
I have been slowly taking funds out of equities the last 30-45 days...have not decided where I want to end up...but I DO NOT want to threaten my retirement nest egg...it is essentially sufficient...test above the "red line" on the FireCalc...and I want to settle down and rethink my equity strategy. So far I am only moving ongoing market gains out of equities.
Thanks...wife says dinner is ready
More threads to read later...Tom R in Two Harbors, Minnesota...NO it is not winter YET