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Strategies & Market Trends : Young and Older Folk Portfolio

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To: Rarebird who wrote (1128)	9/22/2022 4:20:27 PM
From: chowder	3 Recommendations Recommended By lizardK misscbd red cardinal Read Replies (1) of 21991

Re: >> But the goal in a bear market ( if you don't want to go short) is to lose less. << That might be your goal but it isn't mine. My job is to meet a specific income objective by the end of 2023 so this person can retire on time. This person is not amenable to extending his job career. If this means the portfolio has to take on increased risks to do so then so be it. Once the specific income is achieved, I can then work on de-risking the portfolio while maintaining the income level. Although I have been bearish on the market, you and I simply manage those conditions differently because our objectives are different, our time frames are different, and our management styles are different. As far as drawdowns go, the market is down 21.3% year to date, this portfolio is down 9.36% so that is acceptable given the importance of making sure the income goal is achieved in 2023. The income goal is the priority, not the level of drawdown in portfolio value. This drawdown, in my opinion, is temporary, and temporary is also acceptable as long as the income is permanent.

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