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To: Donald Wennerstrom who wrote (42681)1/14/2009 2:41:24 PM
From: Kirk ©1 Recommendation  Respond to of 95525
 
If you are near retirement, then you should have 40 to 60% in fixed income. That buffers the volatility and makes the bears less painful. Also, if you rebalance as I do and recommend, then you get to take profits when up and buy when low.



To: Donald Wennerstrom who wrote (42681)1/14/2009 4:33:04 PM
From: willcousa1 Recommendation  Read Replies (2) | Respond to of 95525
 
The key to investing for retirement is to gauge your cash flow needs in the future and provide for them. After you have done that the rest is the kind of fun we are engaged in. Then you can afford buy and hold. You must avoid being forced to liquidate anything.