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* * * A Learnable Lesson * * *

As one may occasionally pick up valuable kernels from looking closely at a pile of manure, do look at

One will note that, during a downturn, how much less would be lost in value by keeping a certain amount in the equivalent of cash at relatively short term interest rates. I believe that a bit of cash at short term interest represents important security for any retired investor and should be considered for inclusion in any retiree portfolio.

Please do not misunderstand me. I in no way intend to ever suggest that anyone might even consider the illogical and potentially dangerous official Model Retiree Portfolios --- any of them, ever --- unless one, lemminglike, deliberately intends to follow an overly enthusiastic, but obviously dysfunctional, investor down the path of gloom and dispair over the cliff to potential financial ruin and meals of dogfood.



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