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Subject:  Re: Buy and Hold? Date:  2/25/2009  11:26 AM
Author:  temsike Number:  14753 of 20632

mendomann wrote:
<iI am age 71 and my portfolio is now about 70% in fixed income and 30% in the market. The fixed portion is mostly CA munis with some CDs, corporate bonds and US govt. bond mutual funds. My market portion is diversified in mutual funds that consist of growth, value, small cap, mid-cap, large cap, global and international. I still believe I need some money in the market as a hedge against inflation. I am still in for the long run.

You are in an excellent position. It is very prudent and conservative to keep your age in a percent of fixed income.

My wife and I would like to leave an inheritance for our children so our "sweet spot" is "our age minus 10" in bonds. Since we are both 51 y/o, our port should be 60/40 equities/fixed income.

With the horrible market decline, we rebalanced to 70/30 in late December and are prepared to rebalance to 75/25 the coming December if the market has another horrible year.
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