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I have always been a "Buy and Hold" investor, allowing myself to "play" with some small dollars. Over the years I have invested in mutual funds as the major tool for my portfolio. But, I have come to a crossroads in my philosophy. At my age (70) and with the condition of the economy, I'm thinking I may not be here before the economy comes back to a reasonable level. Sooooo, are there any reasonable alternatives??

I 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.
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