Preserving Capital

"Rule #1: Never lose money. Rule #2: Never forget rule #1." ~ Warren Buffet

These are good investing rules that are even more important in retirement.  I no longer have time to recover from significant losses.  In addition, we are dependent 100% on our retirement savings and income, since we have no wage income.   So I try to make sure we have a sufficient margin of safety, in case there is a big market downturn.  

Right now, I am cautiously invested in stocks.    At this time, there is more downside risk than upside potential and there is high volatility.   So while I am maintaining our core positions, I am trimming positions outside of core, e.g. short term trades and excess shares of core holdings.  

For more on Reaping the Rewards, check back Fridays for a new segment.

This is not financial nor investment advice. Please consult a professional advisor.

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