I suspect that I might feel that way. But I'm really not sure yet what my investment strategy in retirement will be. I'm currently really aggressive, though I do use a trend following strategy, but I'm thinking that I might split use this approach with only 50% of my portfolio and put the other 50% into something akin to the Golden Butterfly portfolio. Hopefully, I still have over a decade to think about it.Wanderingwheelz wrote: ↑Tue Mar 02, 2021 9:52 amNo. But I think about taking risk off the table just about every single day- especially on days like yesterday when your NW jumps by 1x expenses. If I went to all-cash it would be a very long time before I ran out of money, if I ever did. Someday, when you’ve accumulated enough assets to quit working you’ll probably think those sorts of thoughts too.willthrill81 wrote: ↑Tue Mar 02, 2021 9:27 amWe too have experienced significant property appreciation in recent years. Our home is worth 50% more now than it was when we bought it about six years ago.Wanderingwheelz wrote: ↑Tue Mar 02, 2021 7:42 amThe second was so easy I stopped working until life shows me I need to change my course of action. If you ever needed a sign we’re in a bubble, there you have it.willthrill81 wrote: ↑Mon Mar 01, 2021 9:29 pmVery nice! The second was easier than the first, right?Wanderingwheelz wrote: ↑Mon Mar 01, 2021 9:26 pm Our joint account hit $2MM for the first time today. That should offer a decent bridge to tax deferred withdrawals.
With a net worth of $4MM the last $1MM took roughly 12 months. Covid has been an amazing thing for those of us with assets- especially with homes in hot resort markets.
So are you taking some 'risk' off the table?
Late last year, I was successful in convincing my retired father to at least move his next two years of anticipated RMDs into short-term bonds. Prior to that, he was 100% stock. Granted, their portfolio is only for 'fun' money since their essential spending is covered by other income sources, but still, I think that at least a small cushion of mostly non-volatile assets is appropriate even for aggressive retirees.