No. of Recommendations: 1
Quite a number of people somehow come to the conclusion that their investment strategies should somehow change once they are retired. I don't buy it. At age 52 or 60; you still have 30ish years to go as an investor --- that kinda looks pretty long term to me. The only new investment demand you will have that you didn't have before is a periodic withdrawal so you can put bread on the table.

As a result, I would hold somewhere in the 15% range in cash/cash equivalents area as your immediate stockpile from which to make periodic withrawals (simply so you are not forced to sell a security at an inopportune moment to buy groceries) & take the remaining 85% and invest aggressively to for the long term.

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