biocruiser
Confused about dryer sheets
- Joined
- Mar 5, 2008
- Messages
- 6
I am 56 with a comfortable portfolio of 4.5M and will be retiring soon. I've always been very risk tolerant, with 100% equity early in my saving career, shifting to 70/30 when I was in my mid-40's. I was at 70/30 when the 2008 crisis hit (ouch) but I kept investing and rode that out. Lately I've shifted some into bonds and I am currently at 55/45 Stock/Bonds. I use a lazy portfolio of low cost index funds covering total US stock market (25%), international (15%), small cap (15%) and total bond market (45%).
Being aggressive in my AA worked during accumulation phase, but given my age, my portfolio size and entry into retirement, I know I should be changing my AA to something like 40/60 or maybe even 30/70. But I can't seem to bring myself go that conservative. I don't know if I am being greedy or foolish (or both).
Being aggressive in my AA worked during accumulation phase, but given my age, my portfolio size and entry into retirement, I know I should be changing my AA to something like 40/60 or maybe even 30/70. But I can't seem to bring myself go that conservative. I don't know if I am being greedy or foolish (or both).