I retired last year. I recently rolled my meager TSP into vanguard so it's all in cash. I have a pension I can live on so the idea is to grow this somewhat aggressively to create a larger emergency and vacation fund.I could just put it all in Vanguard ETFs and a few popular stocks and i'd get decent growth to pass on to my kids.But i have the time and bandwidth to be a bit more deliberate. I'm following the “everything money” guys and It's starting to make sense. I was already thinking along with them (I bought LUV after the holiday fiasco)But, all these tactics are premised on having a revenue stream for cash to buy the dips. i don't have that.
I'm looking for a formula or a plan to keep some percentage of cash for dips along with some strategy for profit taking.
Is there a rule of thumb? How did Warren decide to keep $150 in cash this year?
Leave a Reply