Quote:
Originally Posted by 44Apple
At what point should one change from being an investor to a "saver"?
I've been retired a number of years and have invested all my adult life. Luckily, we have enough non-investment money to live on.
I now wonder if I should gradually begin selling my ETFs, Mutuals, and stocks and move all the money into fixed income.
I know the outcome will be lower and stable, but I won't have to deal with the daily ups and downs.
I'm familiar with the 60/40 rule but wonder if I should go 0/100.
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Wife and I living in UK retired 27 years ago. We decided to put all our investments into cash, and avoid the grind of the ups and downs of the S&S market.
We looked for tax free fixed rate government cash bonds, and Government Inflation proof tax free cash bonds.
Ultra conservative, and capital making no spectacular growth, but no spectacular falls either.
In fact with inflation rising all time in UK at present, we are doing very nicely thank you!
It worked for us.
Some folks love the daily market gamble, but we wanted no more of that.
Some even aim to be among the richest residents in the cemetery, but we definitely don't want that either!