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Ask Paula: The stock market is down - Can I still retire?
Afford Anything
Why You Shouldn't Down Shift During Down Turns
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During a down turn, when you think that you need to change your acid allocation or the level of your risk, especially now, i think it's definitely dangerous to lower the expected risk. So even if you're going to just down shift, you're not going to get completely out of the market. You're going to down shift so that your portfolio is a little tighter. The idea that i can get high returns in less risk, it doesn't exist. When you want to have higher returns, you have to notch up the standard deviation which is the risk level.
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