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