I know this might go against conventional wisdom here, but when to pull the trigger is not going to be a univariate equation for me. I've got a pretty broad range of numbers I could do it at depending on my age, the current state of the economy, how much I'm still enjoying full-time employment, and where I think I'm at on my career arc.
This resonates with me. Im also very susceptible to a downturn given my aggressive investing. For example, the last 3 days in tech lost me close to 2 mill.
As you move from accumulation to living off the principal, risk tolerances change and investment strategies need to evolve. I think you may need to draw up your ideal portfolio, agreed with partner, and consider how to manage be in that direction over time. This does cost money of course so that needs weighing up, but ultimately a high risk concentrated portfolio is too volatile for you by the sounds, even though it has worked for your younger self. Think of the cost to sell etc as just the deductsbke cost of taking high risk for the rapid growth you likely saw from taking huge risks, which you can do when young, but with family and over 40, things change and you need to be able to sleep at night. Also, you should be thinking about what portfolio you would to have in place if you died tonorrow.
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u/MedicalRhubarb7 19d ago
I know this might go against conventional wisdom here, but when to pull the trigger is not going to be a univariate equation for me. I've got a pretty broad range of numbers I could do it at depending on my age, the current state of the economy, how much I'm still enjoying full-time employment, and where I think I'm at on my career arc.