navigator wrote:Just my .02, when you are 30, your investment strategy can be very aggressive and corrections are not that big of a deal if you are on a dollar cost averaging regimen during your investment years.
At 60, close to retirement or already retired, you should rebalance your portfolio to a more moderate or conservative approach. You may be still throwing money in or just holding and accumulating dividends....or you are in the withdrawal phase. More power to you! enjoy what you have earned, you can't take it with you, and NOBODY gets out alive.
Nav, I’m not in the market for just me. I am already enjoying the fruits of my labor. So, why bother with an aggressive approach at age 75? Two reasons...
First, it’s easy having fun doing something you enjoy and are good at.
Second, I would love to contribute to cheritable causes continuously as the result of successfully trading and investing and that in itself is quite an incentive to me.
Your investing models for stages of life are plausible but not the same for everyone. Here’s the way I approach my investment portfolio as well as my trading accounts... 80% diversified investpments as well as 80% strong risk/reward trades. The other 20% of both is much more discretionary but with the possibilities of generating big gains in a short time. But you have to be paying attention, doing your homework, treating it like a lunch bucket strap on the tools job, one that is rewarding. But incentive is necessary and having fun while being able to help kids’ cheritable causes is plenty of incentive for me! [emoji106] I’m not concerned with taking anything with me when I go. I just want to leave behind a respectable legacy.
“Life’s but a walking shadow, a poor player, that struts and frets his hour upon the stage, and then is heard no more.
It is a tale told by an idiot, full of sound and fury…
Signifying nothing”
Signifying monkey, stay up in your tree. Always lying and signifying, but you better not monkey with me.