Midpack
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I am about 21% Intl Eq** (47% Dom Eq, 25% Bonds, 7% Cash), and I am comfortable there come what may. Been retired since Friday .
I am well aware of the risk in each of my holdings, expected and built in, basic risk vs return decision for all ages. I may live another 30-40 years so I'm still a long term investor IMO and therefore not ready to avoid all risk (or the long term returns), can't afford to most likely. I plan to gradually get more conservative with AA in the decades ahead, but to make a blanket statement that retirees need to avoid risk doesn't make sense to me. My recommendation at age 55 would be very different than age 80. YMMV
I may be mistaken, but I always thought one of the added benefits was having Intl and Dom holdings is a good way to neutralize exchange rate/currency risk to some extent, the dollar vs other currencies.
** 2/3rds Tax Managed Intl and 1/3rd Emer Mkts.
I am well aware of the risk in each of my holdings, expected and built in, basic risk vs return decision for all ages. I may live another 30-40 years so I'm still a long term investor IMO and therefore not ready to avoid all risk (or the long term returns), can't afford to most likely. I plan to gradually get more conservative with AA in the decades ahead, but to make a blanket statement that retirees need to avoid risk doesn't make sense to me. My recommendation at age 55 would be very different than age 80. YMMV
I may be mistaken, but I always thought one of the added benefits was having Intl and Dom holdings is a good way to neutralize exchange rate/currency risk to some extent, the dollar vs other currencies.
** 2/3rds Tax Managed Intl and 1/3rd Emer Mkts.