I tried timing the market without success. Unless your are on top of it 24/7/365 I doubt i would be able to make the call in time to catch the swing.
For the past 40 years I employed DCA, diversification both by sectors, products and split between Debt/Equity. Not very exciting, however steady performance over the decades and consistent with my risk tolerance and time horizon.
During the current decumulation phase I am employing a ‘flooring’ approach which funds fixed recurring expenses using ‘entitlements’ (SS, annuities, pensions) based on my individual risk capacity. I then look to portfolio for discretionary spending with some consideration given to market performance. In this way I am able to manage sequence of returns and market risk to achieve overall goals.
For most of the accumulation phase I was a self directed investor. However, I now employ a leading fee only professional firm to handle the day-to-day investment oversight with only periodic check-ins.
I don’t see any way to offer credible recommendations without a full understanding of that individuals risk tolerance, time horizon, risk capacity, individual resilience and goals are, so blogs are simply for general information and entertainment.
The comments above are simply my personal observations not recommendations or financial advice. When making important financial decisions consult legal, tax and other professionals.
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