I’m looking at retirement next year and have been playing it closer to the vest – I went to 80% cash at the end of March – obviously a mistake. Over the last 25 years I’ve stayed pretty much 100% invested. Sure I got thumped a few times but when I look at where I started and where I am now I’ve done damn well.
I’ve never liked the current administration and have become increasingly worried about the trajectory of the country. When you look at Japan’s stock market going down for 22 straight years (40,000 to 7,800) it makes me shudder.
I’ve held a 20% stake in gold and silver since gold was $450/oz – anyone with half a brain knows that we have inflation regardless of what the government says and I expect that to accelerate in the coming years.
Please get me out of the MLPs even and then I’m all cash (except my gold and silver) until the election and some resolution about the fiscal cliff.
My plan is to die broke – I use 90 as my DOD for financial planning and if I actually make that long I’ll become a ward of the state. My passion is underwater photography and I’ll be headed to Honduras shortly to photograph sharks so maybe Mother Nature will intervene and I won’t have to worry about it.
We all know the there is a black swan soaring somewhere and I’m afraid it’s Iran (I doubt it’s Dec 21) – no idea how to play that one – maybe we should bring back lead based paints – just my two cents.