55, with 4-7 years left in the w*rkforce...
At first, I tried to stay the course. But as the "crash" unfolded, I had an "oh, sh*t" moment, or two...
Last fall, I reduced my positions in what I considered the most risky stuff, namely REIT, commodities, and emerging markets. Then, the volatility was killing me, so I widened the rebalance bands from 1%/10% to 5%/25%. I rode that until the first of the year, then bought HYG and TIP, while reducing my equity allocation some more. Have made good money from the HYG/TIP moves.
I've been ignoring the bands on the way back up, trying to keep the bond/cash portion topped off, for the inevitable "correction".
I'm now at 40% equity (SP500-15%, Russ2000-10%, VGK-7.5%, VPL-7.5%), 40% bonds (HYG-10%, TIP-15%, ST fund-10%, and total-5%), REIT-5%, CCF-5%, and cash eq-10%.
Still down 14%, which is a major improvement from down 34%...
So, reduced risk, and did some DMT, but didn't freak out totally...