<< Let's say your late 40's or early 50's
and you have socked away a considerable amount in a 401-k. Even with a
balanced portfolio you realize that the equity portion of the portfolio has a
considerable downside risk---when does it make sense to shift out of equities
and take a nice safe 5 3/4% or more return. If that option is available to
you. If business planning is strictly a short term global shell game; maybe
you ought to hold on to your pea. >>
Tom the problem is that the "data" suggest a new paradigm:
If you look at the:
standard deviation / mean ( a very, very simple measure of relative riskiness)
for the S&P 500, its value from 1989-1998 is about 1/3 its 1960-1998 value.
Everybody has CURRENTITIS!!!!
Jason