When younger and building a portfolio, going through the cycles was not an issue for me as I was not pulling out funds. Today that is different and I am more market exposed then most investors my age. (77). Now when one needs to pull out funds it is not good to be pulling out when the markets are down. I had older friends that needed to do that in 2008-009 and it cost them lots of money. We have enough to cover some major construction and moving expenses but I am meeting with our planner next week to discuss our future. Right now interest rates in the 4-5% range make lowering some exposure more attractive. I don't like the market going down but we may have more uncertainty and rising costs in just living over the short term than investments. Companies will still keep producing and making money if consumers will pay the increased costs. Now we have daily announcements that create uncertainty.

Bryce