Message Font: Serif | Sans-Serif
 
No. of Recommendations: 1
Sonya7 asks:

I read an article that Pixy wrote in April about having a 3-5 year cushion for income while retired. It explained distributing the money you know you would need into money market accounts and bonds, and the remainder invested in stocks. I wonder if he would reccomend any modifications to the plan if your investment funds were substatianlly more than the example given and you were age 30?

The only thing I ever strive to recommend is that each of us make our own decisions based on our comfort level and understanding. Personally, I subscribe to the theory that age is totally immaterial when it comes to investing. My style of investing would not change because I am either young or old. That means I always endeavor to keep five years' of needed investment income out of the stock market. Others would keep three, and still others seven. They're no more right or wrong than I am. You, then, need to establish your preference based on your understanding of markets and your comfort level.

Regards..Pixy
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.