Winemaker
Thinks s/he gets paid by the post
I dropped to 50% equities on Tuesday; I don't count my preferreds as equity, they're fixed income to me.
DJIA 1yr +26.2%...Next?
- Thread starter imoldernu
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street
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
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With 68% equity I just ride the ups and downs. I do nothing (re-balancing) and it seems to work for me. At 60 years old with a high equity % and don't think I will ever change it. At least not for the next 10 years. I don't worry about it just have to ride out the storm if it goes south.
truenorth418
Full time employment: Posting here.
I have an investment policy statement with specific rebalancing bands. When those bands are reached, I will act and rebalance. In the case of a higher stock market that means lowering my stock allocation to the ISP target.
My annual spending is based on a fixed % of asset value at year end. If the market drops before year end, then I will lower my spending for next year. But the market at this point is so much higher than last year that it will have to drop a lot for me to spend less in 2018 than I will in 2017.
Have a plan, stick with it.
My annual spending is based on a fixed % of asset value at year end. If the market drops before year end, then I will lower my spending for next year. But the market at this point is so much higher than last year that it will have to drop a lot for me to spend less in 2018 than I will in 2017.
Have a plan, stick with it.
Ready
Thinks s/he gets paid by the post
I rebalanced to reduce my equities from 60% to 57%, but that was because I stopped working two months ago, so I'm no longer generating income. I haven't decided whether to drop it down to 50% or just leave it as is. I don't think I will ever go below 50% though.
Winemaker
Thinks s/he gets paid by the post
I went from 65% to 55% this week, to cash. It was a 3rd quarter re-balance instead end of year re-balance.
