When the market crashes (which it will) do you panic and sell making major portfolio adjustments or sit tight?
i shifted nearly all my capital out of equities some time ago, just leaving a couple of chunks in some financial services companies with very well distributed risk profiles, and an ethical/environmental investment fund.
Like John I retired early, having made the judgement that time is a more valuable asset than money to me. Nobody died wishing they had spent more time at the office.
The interesting thing for me at the moment is figuring out a spending profile that makes sense. We figure we have around 20 years left before one or both of us needs to sell everything and move into a nursing home, so the question is, how much of our savings do we get through now buying important things like guitars and amplifiers before we have to switch to spending the majority of it on boring stuff like food and warmth?
Some neighbours of ours worked hard all their lives, saved up carefully for their old age, retired, and then never spent anything as they 'might need it later on'. Needless to say, they popped their clogs leaving a huge pile of cash for someone else to enjoy, bless 'em. Don't want to do that, but equally don't want to end up huddled round a candle drinking cup-a-soup because I bought one too many Stratocasters. The perennial problem, for which of course there is no answer.
