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PoindexterOglethorpe

(27,446 posts)
11. I can't tell you my exact percentages,
Thu Aug 1, 2019, 01:04 PM
Aug 2019

All of my investments are in funds, and I have a money manager who has done very well for me.

I have a Roth IRA, an IRA that's a rollover from a 403b plan, and a separate set of funds that are straightforward investments. The approximate percentages are 6%, 31%, and 63% respectively. Just glancing at the holdings, I'd say I'm about 60% equity, 40% bonds.

I'm 70 years old, and my income derives from Social Security, a very small pension, and income from two annuities my financial guy got me into a few years back, plus income from those investments. I actually have a higher income than I've ever had, which feels quite nice.

No matter how old you are you should have some of your investments in equities. You need the growth. Periodically people here say they're nervous about the future and sell all of their investments, which is a very bad idea. Taking some profits can make a lot of sense, but you need to do a bit of research on how time in the market is vastly better than trying to time the market.

Buying stocks that have a good history of paying dividends, and using those dividends as income can make a lot of sense. Again, you'd need to do research.

And keep in mind, that while stocks periodically reach new highs, they never reach new lows. And yesterday's rate cut made the Dow drop a bit more than 300 points. Right now, today, it's recovered much of that.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Wish I could answer, elleng Jul 2019 #1
Hmm... mnhtnbb Jul 2019 #2
Your managers should be able to give you a snapshot just about any time A HERETIC I AM Jul 2019 #8
I'm sure they can. elleng Jul 2019 #9
Thanks for your post. cilla4progress Jul 2019 #3
One of the reasons I decided to take some profits mnhtnbb Jul 2019 #5
Seems appropriate for your situation FBaggins Jul 2019 #4
One of the reasons I decided to mnhtnbb Jul 2019 #6
Sounds like you're in just the right place FBaggins Jul 2019 #7
I'm 64 and... bif Jul 2019 #10
I can't tell you my exact percentages, PoindexterOglethorpe Aug 2019 #11
I now see that the Dow is currently down PoindexterOglethorpe Aug 2019 #12
OMG! I didn't know that! It's down even more now: 277. It's the beginning of the GREAT CRASH progree Aug 2019 #14
YES! YES! YES! PoindexterOglethorpe Aug 2019 #15
You are quoting the repeated lamentations of the daily "Stock Market Watch" thread. A HERETIC I AM Aug 2019 #18
Oh darn, I forgot the Plunge Protection Team. They didn't seem to be on duty today progree Aug 2019 #19
"not lookin' too good right now I'm sure the PPT will come along to bail 'em out . . . . " progree Aug 2019 #21
LOL! A HERETIC I AM Aug 2019 #22
Is it time to declare The Death Of Equities? progree Aug 2019 #23
Any day now! A HERETIC I AM Aug 2019 #24
Odd posting at SMW today on a day when Dow up 371 (1.43%) and S&P 500 up 1.88% progree Aug 2019 #25
Liquid assets: 84% equities, 16% bonds and cash. progree Aug 2019 #13
The problem with the notion that PoindexterOglethorpe Aug 2019 #16
I agree. That's why I don't follow the conventional wisdom. I wish the damned interest rates progree Aug 2019 #17
I am very happy I made the changes to rebalance my portfolio mnhtnbb Aug 2019 #20
What portfolio? virgogal Aug 2019 #26
Since I have no idea what I am doing... AJT Aug 2019 #27
Ours are only stock and bonds funds in our IRA accounts question everything Aug 2019 #28
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