Help me get over some analysis/paralysis...
2 years out from launching at age 55 with plans (at least financially) to hopefully stay above ground for 30 plus years. While my greed glands were telling me to stay more aggressive with my AA, after much thought and absorbing the knowledge/experience of many of you, my logical/prudent nature kicked in and I ratcheted my AA to 60/40 a couple of years ago, kicking and screaming inside as I bought my bond allocation. At this point, I believe I will ride out RE with a 60/40 AA. While I am currently a once a year re-balancer (1st week of Jan), a combination of some buy orders I put in for equities at the beginning of the year which did not occur and some new money has me sitting on more cash than I would like. My market timing gland is pumping again which has me paralyzed on the sidelines as I am concerned about a big drop in equities. If I find my inner calm place, the logical/prudent side of me says "stay with your strategy, just buy at market for GD sakes, you are investing for the next 30 yrs plus!!!" Short of being dumb lucky and buying at some big bottom, what am I really risking over 30 yr period if I just jump in today? So the answer is obvious, but I need some consoling... talk some sense into me!
2 years out from launching at age 55 with plans (at least financially) to hopefully stay above ground for 30 plus years. While my greed glands were telling me to stay more aggressive with my AA, after much thought and absorbing the knowledge/experience of many of you, my logical/prudent nature kicked in and I ratcheted my AA to 60/40 a couple of years ago, kicking and screaming inside as I bought my bond allocation. At this point, I believe I will ride out RE with a 60/40 AA. While I am currently a once a year re-balancer (1st week of Jan), a combination of some buy orders I put in for equities at the beginning of the year which did not occur and some new money has me sitting on more cash than I would like. My market timing gland is pumping again which has me paralyzed on the sidelines as I am concerned about a big drop in equities. If I find my inner calm place, the logical/prudent side of me says "stay with your strategy, just buy at market for GD sakes, you are investing for the next 30 yrs plus!!!" Short of being dumb lucky and buying at some big bottom, what am I really risking over 30 yr period if I just jump in today? So the answer is obvious, but I need some consoling... talk some sense into me!