This bears repeating:

as the great investor Peter L. Bernstein once stated:

Survival is the only road to riches. You should try to maximize return only if losses would not threaten your survival and if you have a compelling future need for the extra gains you might earn.

Once I had enough assets to fund my retirement I have been turning more to cash, not bonds, but cash. Well, maybe some gold and real real estate, I mean a second house, but the point is why try to increase your returns when you have enough. Why risk enough on more or better. I will be tempted to buy if the market drops enough but drops enough would be a serious bear market, not just down a piddley 20 or 30 percent.

TEK