The Investment Thread

UncleTrvlingJim said

Which is why you are supposed to move to a more conservative portfolio the closer you get to retirement. If you are retired it's risky to have a stock heavy portfolio. We have large market corrections every few years.

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The exception is after a crash. I still chastise my mom for going full stable value (aka savings acct) AFTER the 2008/2009 crash. I'm like, mom, after it all crashes, it's too late. Stay in stocks to get the gains back. When things are flying high, get out of stocks. She could have doubled her nest egg by just being patient.