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Strategies & Market Trends : Young and Older Folk Portfolio
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To: carbolady who wrote (2409)5/8/2024 3:01:34 PM
From: iagt2 Recommendations

Recommended By
jopapgh
Keowee

  Read Replies (1) of 21885
 
“He feels that we should go to cash. I have spent the last 8 years building the income and do not want to go to completely cash. When DC over at SA posited that perhaps going to cash and repurchasing after a market crash I was interested in the replies but no one took him seriously.”

I would not recommend moving to cash and later repurchasing after a crash. That is blustering by DC. He is fishing for an argument. Importantly, doing this would be your attempting to time the market.

Alternatively, I recommend checking your overall equity exposure (you mentioned having years of expenses in cash already) and looking at your asset allocation. For individual positions, check the SSD score and Chowder number to see that your future income looks reasonably secure. I checked this morning and decided to exit two positions immediately since bond rates are more attractive than the possible return on those holdings and two more that will soon go on the chopping block.

Once this is done, ignore market swings by focusing on your dividend income. The market return is still positive over longer periods, declines are temporary. The bozo-DC would believe that I am saying that unrealized gains do not matter…No, they do of course. Focusing on income during market downturns is purely a psychological ploy to help me feel better about my decreasing net worth.

I am sure you already know all of this and more! It seems your husband is not as experienced as you with investing, particularly in developing an income producing portfolio. Getting more information for him may alleviate some of his concerns and better align your investing goals. Be gentle with him, us guys can be knuckleheads! Ha!
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