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No changes. None of us can time the market. Time in the market is the key. There are lots of articles to read that show the impact of missing big days in the market because your money is on the sidelines.
Im still 95% equity but now moving 20% of my assets from domestic (eg S&P) to international/emerging markets (EXUS, EEM, etc.).
Subject Expert
No. Just sticking to my asset allocation, which is somewhat diversified, but still 90% equity.
Reminding myself that my portfolio could drop 20%+ at any point, and it will be OK
Most things I could do to “prepare” for a downturn are counterproductive, and shouldn’t be done during actual volatility.
Subject Expert
Because market timing doesn't work, what we have to do is find an asset allocation we can live with and not change regardless of market conditions.
And a glide path for that allocation over time as we get closer to retirement.
Subject Expert
Not the worst thing if it prevents you from making bigger mistakes with larger numbers. But you should change nothing.
If you realize your asset allocation was a mistake, you can permanently change it, but that is much better decided in calmer markets.
For me, no. But if I were retiring in 10 years, I would have at least some bonds in my portfolio. You can really reduce the volatility of your portfolio a lot without sacrificing upside very much with maybe 20% bonds.
Subject Expert
And in general people should be doing that regardless of market conditions. And probably on a glide slope, not suddenly.
Mentor
I'm retiring next year and had moved to around 25% bonds last year, with a planned shift to 30% next year. Nothing happening now is changing my thoughts as to allocations.
Buying. Some industeies got a nice correction
Started buying TIPS to have some secure funds in retirement