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Non-Tech : Kirk's Market Thoughts

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To: Jerome who wrote (5839)	6/3/2018 10:32:02 AM
From: Kirk ©	Read Replies (2) of 26900

Congratulations on a great month! This month that just ended May 2018 saw my portfolio up 31%...for the month..Its the best single month that I ever had. I was going to guess you had a great public pension indexed to inflation so you can afford to be fast and loose with your savings. I have never owned a CD... or a Government Bond... I'm not afraid to lose some money, as many on this thread viewers are risk adverse. You should read what Jack Bogle of Vanguard has to say about asset allocation. Having 50% of your investment portfolio on fixed income type investments by age 70 (my recommendation) is considered somewhat aggressive risk taking compared to the standard of 50% by age 65. Unless you have a 50% chance of living to 110, having 100% of your investments/savings in stocks at age 70 without having a pension to cover your spending would be considered foolish by many. Even then, I'd recommend 2 years of living expenses in savings so you don't have to liquidate any of your portfolio to cover living expenses during bear markets.... believe me I've been there twice and learned to slash spending! I've helped some with double public pensions (husband and wife) who made far more than I during working years yet have nothing to show for it in savings that are less than their debt. It is sad how common it is. Myself, I've pretty much lived above my income since buying my home here in 1994. That is fine as my best year was 1995 when my portfolio gained 95% and more than made up for my ex fiance no longer contributing some to paying the mortgage and expenses. I pull a bit out of my portfolio each year to help cover expenses which allowed me to semi retire early to try working as my own angel VC, work for stock options and swing for the fences.... It didn't work out well, Zuckerberg and Musk did it much better, but it was fun to try. Thanks for all your contributions here.

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