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Originally Posted by smooth
sheesh, from the posts thus far, I'm wagering that not very many of you had your investments tied up in the stock market during the last 5 years.
If you don't remember what happened to retirees, ask your grandparents or parents. I asked mine, and they are none to happy about their future prospects.
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I've been about 50% to 75% in stocks. The market was about 10,500 5 years ago and is about 10,500 now. However it was at about 4000 10 years ago so I have done rather well. As you get older you should begin to pair back the amount of money you have in stocks.
I'm 55 and have just finished re-balancing my portfolio to include more fixed income devices like bond funds. But if I were younger I'd go for stock funds. I have to be more conservative now since I'm retired and drawing out money every year to live on.