Freedom56
Thinks s/he gets paid by the post
We have been 100% fixed income (individual bonds, CDs, preferred stocks, and treasuries for 30 years and some years with rental income and capital gains from real estate transaction). We continued to grow and compound through all the major corrections over the past 30 years. I see no need for any equity exposure given our portfolio size in expense coverage through pension and interest income. At some point in the not too distant future, our portfolio will be CDs and treasuries only, which requires minimum management. I know many early retirees that have never owned stocks or bonds but have an incredible real estate portfolio (residential and commercial) and a steady income stream from rental income.