Originally Posted by charlie
IMHO, this is an ideal time for a retiree with a wad of cash to start DCA
into his/her desired AA. I would not plunge as the knife is still falling,
but I would get fully invested over the next 18 months.
As always the wise ol' seers on this board are making me feel better. Wasn't real comfortable with the market direction since I'm hoping to leave MegaTech in probably May. (Haven't said anything yet, and the date isn't totally firm.)
Comments in this thread remind me that:
1) With the wife's salary/government pension (she thinks she may want to work into 2009) + cash in hand, we're good for probably 4 years.
2) MegaTech stock/stock options (which will undoubtly go down, though this is large cap/growth) should be good for another 4-5 years.
3) Therefore 401K (which is down a good 10% from 2007 highs) won't be touched for ~ 8 years. Doubles?
4) I'll take the cash option on my pension (per charlies' excellent thought) and DCA into a down market! Big win!
Anyway, that's today's plan ...