Smart people watch local elections and then I'll tell you about one of my best friends. I won't mention his full name or even his name, since he is still watching me and knowing he reads a lot of my answers know that he doesn't mind when I tell this story, as long as that I did not mention his name. He's one of the I Am One Of The 81 Million Stars And Ribbon T-Shirt few people in my network to predict success. Clearly that's why you need your bonds and adjust your asset allocation as you get older. I never said the stock index 5 years before retirement! Start investing in your 20s in markets and then gradually increase bonds as you get older. The problem, however, is that no one can tell whether a recession is imminent or the stock market is booming.
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