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Jim, I'm not a financial planner and I don't have enough info anyway.
However, I would look at a few general ideas. If you have an
international stock fund as one of your choices, that would be a good
place to buy. Foreign stocks, in general, are much cheaper for the
growth rate
than ours. I would buy bonds, but not junks as junks are
always overpriced at a market top. As their credit ratings head south,
they will collapse relative to higher quality issues. Also, if you
have a convertible fund offering, I would look at that. Even better,
if you can get away from overpriced open end
fund offerings in your plan, I
would look at the whole list of deeply discounted closed end funds.
I guess a lot has to do with my philosophy of investing. I would
rather fall on my face than produce average results. My reasoning is
that it is impossible for the average investor to outperform the
averages. It is also impossible for the averages to provide everyone
with rates of return that offer a comfortable retirement. So, I feel
that we have to at least try to beat the averages by breaking away
from the herd. But, by breaking away, we can either wildly outperform
or wildly underperform, and we won't have that psychic comfort of
being in the same stuff as everyone else. And, remember, it is the
water buffalo who tries to ease away from
predators without alerting the herd who is singled out
by the lions. -G- I am a baby boomer so everything I say about our
generations's investment style applies to me, too, unless I take radical
steps to break away from the average. Yes, the pioneers are the ones
with arrows in their backs, but they are also the ones who own the
big ranches on the free land. -G- MB |
