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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?


To: DownSouth who wrote (15332)1/16/2000 6:19:00 PM
From: unclewest  Read Replies (3) | Respond to of 54805
 
I don't buy the balanced portfolio thing with bonds and foreign stocks, blue chips etc.

i do not buy it either...nor do i expect that to be the re commendation you will receive. i own no bonds, no foreign stocks and no blue chips. (i have...probably most of us have)

That is a formula for mediocraty.

dynamic portfolios are seldom the goal of successful retirees.

I will be diversifying as I take money out of the market and purchase real estate over the next 10-20 years, and as (if) my portfolio gives me 2-3 more years of doubling, as I expect it will, then I will become more risk averse for a large part of my holdings.

great...that is a plan...that is what i am talking about...i am not recommending anything...not real estate not bonds not anything particular...i am recommending a broad vision.

my suggestion is to learn how successful retirees stay solvent...nothing more...nothing less. this is the educational (RTFM) thread is it not?

losses caused by major downdrafts (difficult to visualize in this market i know) are devastating to unprepared retirees without a plan. the lack of a paycheck makes recovery particularly difficult.

unclewest
been there...done that...got the t-shirt...wore it out.