I don't 'play' the market at all. I do adjust my portfolio now and again, to try to keep a balance of fixed and equities that are more than just the DJIA or S&P. The FDIVX was hit hard but FMAGX & FBGRX were hit equally hard. Personally I anticipate the market rebounding over the next six or so months ... I don't think I'll make any shifts right now. 30 years ago, I tried timing the market; every time I did, I got whacked! It doesn't take that many whacks to teach me I'm not that smart.
Biker, I'm retired too.
The market was just 'breaking even' for me this year prior to Brexit; I'm down badly now pretty much across the equities board. My personal fixed/equity spilt at the start of the year was ~40/60; as of Friday night it was 45% fixed, mostly due to that day's drop in equities. Today made it worse, I have not yet tallied up the carnage.
I'm able to pay my bills and do the travel I like to do without touching my investments (so far) so I'm not yet complaining. Depends on how deeply this market plunges, I suppose.
Bik, if you shop around, 3.35% is not bad given it is effectively a certain rate. It is NOT attractive if that is what you have to live on, but given the market's plummet today, (my spreadsheet is read everywhere except the fixed incomes) it is nice steady money.
It doesn't seem all that complicated to invest in a basket of securities that yield a decent (in the current low yield world) return. I have annuity contracts that are paying between 3.5% & 5.5%, and yes, I surely paid a fee (commissions) going into them long ago (back when IRA investments were paying close to 10%, but inflation was also over 10%). Maybe UTC is trying to shed the last vestige of fiduciary responsibility to the 401K people and get everyone into the life annuity they are pushing. ????
I'm the eternal optimist, Airborne, (Except when I am a pessimist, as I was back in February). IF we crest $110 in the next few months, the real target will be in the 115 -120 neighborhood. We will see.