In Reply to: A lot depends on your investment horizon posted by SagoBob on October 27, 2026 at 13:43:36
> At my age, I invest for current return (dividends and distributions) now, rather than capital gains sometime in the future.
I agree.
I'm 58, and my wife and I plan to work until we're 70, mostly because we enjoy what we do.
I've started studying different retirement strategies. A more conservative approach would be to invest 60% in bonds and 40% in stocks, then withdraw 4% annually to cover our living expenses.
My goal, though, is to build up at least 10 years' worth of expenses so that I can remain more aggressive with my investments after retirement. If I can cover our living expenses without having to sell stocks during a major downturn, I can give my portfolio time to recover and potentially continue growing. Ideally, that growth would also allow me to help my kids buy homes.
Having a pension gives me a baseline of guaranteed income to fall back on, even if we experience another Great Recession-level market downturn.
In retirement, I’ve considered getting back into poker as a hobby and using my own AI model to give myself an edge. I was pretty good at it in college, but the game has evolved tremendously since then.
With my math and statistics background, I think I could catch up, but honestly, investing in the stock market is so much easier. A monkey throwing darts at a list of the biggest 5,000 companies would average an 8+% return. Now that my kids are off to college, the markets has helped me scratch that itch I've had to always look for an edge.
It keeps my mind agile.