Re: The need (?) for disaster hedging
Originally Posted by pedorrero
If you say "impossible," may I direct your attention to the decade of the 1970s? It was a lousy time for stocks and bonds.
And I guess you have to mention "The Great Depression". In case you've never met someone who survived those years they are the ones you have over for chicken dinner and when done have only a clean plate and a neat stack of bones in front of them.
Now that being said, a balanced portfolio coupled with a 3 to 4% withdrawal rate survived even that period. So I think most of the "worst case” has already happened, however I don't have a problem with someone keeping 3 or 4 % in coins or ammo if it helps you sleep at night.
“I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said” Alan Greenspan