I have a good financial adviser and I have a mix of investments. Problem is that I'm 66 and thanks to some bad advice, bad decisions, an initial period in my working life where I had no control over my pension (my employer invested in mutual funds that went nowhere) and Clinton's supposed great economy in the 1990s and that I had to leave the workforce much sooner than I anticipated (disability) -- I don't have a whole lot of money to play with. So yes, even at my age I still have to have some growth in order to be able to afford to live a while longer.
Well, I am glad that you do have a good financial advisor now (I hope that his fiduciary duty is solely to you). And I have sympathy for your past plight. (Aggressively) averaging out (the opposite of averaging in) of equities may be something for you two to discuss at this point in time. You may decide that it is a good time to lock in the (hopefully bountiful) gains that you have accrued over the past several years, and have that capital available to re-enter when prices become more favorable (great buying opportunities). I truly wish you the best in this endeavor.
But you and so many others are just not getting it. I don't care how financially secure you think you are. You aren't. And much of that lack of security is the result of a president who is playing games with our future. He can blame the fed chairman and a whole bunch of other people all he wants, but a collapse is coming and when it does, it will be mostly traced back to him and his whims.
OK, to be fair it would take hours to unpack all that you have here.... and I doubt that you are all that interested in my version of things... Just a few quick comments:
- no one can legitimately make statements as broad as some of what you have above.
- as mentioned above in this thread, the creation of the Fed in 1913 is the seminal event in starting the process to whatever, and whenever, "crash" may come...
- an overdue stock market correction is not a "crash"
- the creation of the Fed ushered in centralized fractional-reserve banking and a "
fiat" currency, meaning that the value of the currency is no longer moored to anything of actual value (e.g., gold), but rather declared via fiat, and able to be created (out of nothing) in an unlimited fashion. You can certainly see where this eventually leads.
- much of what is happening in the political world now is merely "noise" in the larger scheme of things.
- and whether or not you wish to give him credit (I understand that it is a firm "NO" for you!), Trump is actually trying to unwind decades of trade and monetary policy that have destroyed our "main street" economy to the favor of global interests and investment bankers...
- He may succeed against long odds, or he may fail, that is yet to be determined...
- Trump has done a lot to be critical of, but even though you won't recognize it at this point in time, he may end up succeeding to your benefit in this area over time...