The main reason why I’ve gotten more conservative with my investments is not because valuation for the S&P 500 is near an all-time high and earnings growth is decelerating.
Nor have I gotten more defensive because housing inventory has shot up across major parts of the country and prices are clearly declining.
No. The main reason why I’ve gotten more conservative with my investments is because I’m very close to retiring for a second time.
Let me recap my background and share some retirement preparation plans if you’re also planning on retiring soon.