Ouch, that sucks flu. I’ve been in your shoe many times. Every time I did what you’re doing (sell most of my portfolio and wait) I always end up missing a rally. That’s just me. I’m actually fully long on all 4 US indexes now. After the ECB announcement yesterday, I can’t help but go long. They’re forcing liquidity. Where else would the $?
You’re right, people risk aversion tend to go down as you age. It’s perfectly understandable and perfectly logical. You don’t have time to make up the loss with more risky investments like you did when you’re younger. So, it’s wise to be more risk averse when you age.
We’re definitely in uncharted territory right now in the US indexes. I wonder how high this thing will go.
