Years back when I was in the accumulation phase of investing I rolled with equity allocations, at times, upwards towards the 60% to 70% range along with holding about 10% in cash so when stock market pullbacks came I had some cash that I could put to work to take advantage of the pullback. Then as the stock market recovered I'd trim my equity allocation booking some of the gains made during and after the recovery.
Interestingly, the Vanguard risk questionaire, contained in the article, suggested, for me, a portfolio of 40% bonds and 60% stocks. And, I'm retired.
Now being retired, for the past five years, here is how I now roll with a description of my all weather asset allocation detailed below.
Old_Skeet's All Weather Asset Allocation.
My all weather asset allocation of 20% cash, 40% income and 40% equity affords me everything necessary to meet my needs now being in the distribution phase of investing. The benefit of this asset allocation is that it provides sufficient income, maximizes diversification, minimizes volatility, and provides long-term returns.
The 20% held in cash area provides me ample cash should I need a cash draw over and above what my portfolio generates plus it can provide the capital necessary to fund a special investment position (spiff) should I choose to open one during a stock market pullback. In addition, cash helps stabelize a portfolio during stock market volatility. Example of investments held in this area are cash savings, money market mutual funds and CD's.
The 40% held in the income area provides me ample income generation to meet my income needs in retirement. It is a well diversified area that incorporates a good number of income generating type funds. Some examples of investments held in this area are ISFAX, LBNDX & PONAX.
The 40% held in the equity area provides me some dividend income along with some growth, that equities generally provide, that offsets the effects of inflation over time. Some examples of investments held in this area are NEWFX, SVAAX & SPECX
Generally, for my income distributions, I take no more than a sum equal to what one half of my five year average total return has been. In this way principal grows over time.
I'm thinking that all investors should write out their investment plan which should include how they plan to invest during stock market declines along with both short term and long term goals. Then monitor their results and make adjustments as warranted including rebalancing their portfolio form time to time to maintain their established asset allocation.

Maybe just speculations but we never know
Few months ago many pundits state DOWS would reach 30000s by yr end
Hopefully DT wil change all that
Https://www-marketwatch-com.cdn.ampproject.org/v/s/www.marketwatch.com/amp/story/guid/6D95C82E-C8D9-11E9-8560-96BBE75E629A?amp_js_v=a2&amp_gsa=1&usqp=mq331AQEKAFwAQ==#aoh=15669545934772&referrer=https://www.google.com&amp_tf=From %1$s&ampshare=https://www.marketwatch.com/story/a-lehman-like-market-disaster-could-happen-this-week-analyst-warns-2019-08-27
A ‘Lehman-like’ market disaster could happen this week, analyst warns

Hi sma3: Not taking issue with your comment. Though, I'm finding that GVDSX's inception date being 1/30/2017. So not sure where you came up with a five year retrun for it. Also, VWINX is a hybrid fund consisting mostly of stocks and bonds along with some cash. While SVAAX and GVDSX are all equity funds. As such ... you'd think that VWINX would have the higher yield? But, not so as VWINX has a yield of 2.91% while SVAAX and GVDSX have a yield of 3.52% and 4.02% respectively as per M*.
VWINX has been a good performer with a ten year average return of about 8.1% as compaired to SVAAX's ten year return of 10.25%. Again, GVDSX is a relative new fund that does not yet have a three year history. But, from my perspective, this goes to show that over the long run most equity income stock funds will out perform most hybrid income funds such as VWINX. What they seem to have in common is that they are advertised as income generating funds.
Kind'a like compairing apples to oranges and even to tomatoes even though two are of the fruit family and one is a vegtable.
From my perspective, to have a good diversified portfolio you need some of each.

FYI: Three names dominate the U.S. world of bond investing - Jeffrey Gundlach, Dan Ivascyn and Scott Minerd. But funds run by these star investors are lagging their respective benchmarks this year.
Regards,
Ted
https://www.reuters.com/article/us-usa-funds-biginvestors-analysis/three-u-s-bond-kings-wield-same-strategy-get-same-result-lag-their-peers-idUSKCN1VH0D8

FYI: In constructing financial plans, I tell clients that the second most important decision they will make is to set the overall riskiness of their portfolio by deciding upon an asset allocation. I’ll disclose the most important decision at the end.
As a financial planner, I’ve been trained to administer what’s called a “risk profile questionnaire” to new clients to determine how much of their portfolio should be in more volatile asset classes like stocks. One of the best such questionnaires I’ve seen is this survey from Vanguard. It asks questions about how clients feel about risk and when they will need their money, with the answers supposedly determining how much risk to take.
Regards,
Ted
https://www.advisorperspectives.com/articles/2019/08/26/why-risk-profile-questionnaires-dont-work

@Patrick1: For your information , here is a recent Barron's article on convertibles.
regards,
Ted
https://www.barrons.com/articles/as-uncertainty-rises-investors-may-seek-the-defensive-attributes-of-convertible-bonds-51566559802

All I have to say after reading the article is that I admire the framers of our constitution even more. Limiting the president to a 4 year term might limit the harm she or he could inflict, while allowing a successful performer to repeat their success.

Just a note, term limits weren't setup by the framers. That was introduced in the 22nd amendment. In fact the framers actually rejected the idea of term limits
https://www.jstor.org/stable/3329550?mag=how-fdrs-presidency-inspired-term-limits&seq=1#metadata_info_tab_contents
now if we could only extend this idea to congress...

Linked below is an interesting article that tells of three equity funds that provided investors a monthly income stream. One fund is geared towards domestics (SVALX), another is geared towards foreign stocks (IVFLX), and, yet, another is geared towards a global perspective (GVDLX). Old_Skeet owns the A share (SVAAX) version of SVALX. I'm now thinking of adding GVDSX which is the A share version of GVDLX.
I hope you enjoy the article because I found it to be a pretty good read.
https://www.marketwatch.com/story/this-dividend-stock-strategy-is-for-investors-who-want-an-attractive-monthly-income-stream-2019-08-26

What can you expect from a person who writes "The Art of the Deal" book with 4 Chapter 11's.

Overheard on Air Force One heading to the G7+1: "Well, it's not MY fault..."

FYI:
Regards,
Ted
https://www.cnbc.com/video/2019/08/26/cashin-president-shocked-by-fridays-sell-off.html

Yes, I was patient, but finally decided to leave SFGIX. With the China trade-war, and its knock-on effects toward other Asian countries, MAPIX is up by just a tiny fraction, this year, so far. I track both MAPIX and the bond fund, MAINX. The latter is performing quite well, indeed. It's up 8.29% YTD. It's lost a star or two at Morningstar. And M* has changed its peer category once or twice. And I notice that MAINX paid nothing at year-end in 2018. I'd be unhappy with THAT, if I owned the fund. The same thing happened re: an expected dividend a few years ago, with MAPIX.

Andrew Foster is another manager who went out on his own, with a lot of hype, and failed to match the performance of the fund he left. MAPIX is up 56% since March 2012; SFGIX is up 35%. For the last five years, MAPIX is up 18.43 %; SFGIX is up 6.51%. The fund family ,and its resources, may be more important than its famed managers.

FYI: (Slide mouse to 17:20 minutes for Andrew Foster interview.)
Andrew Foster of Seafarer Capital Partners said that trade and tariff wars have not stopped growth in emerging markets, but they have exacerbated a slowing trend, particularly in China, that will make developing and emerging markets harder to profit from in the near future. Foster noted that valuations in emerging markets are reasonable, but without growth to help drive the market, investors should expect muted returns from emerging markets for the long-term future. Also on the show, Greg McBride of Bankrate.com talks about how many workers are not increasing their set asides to retirement plans, Sam McBride of NewConstructs.com -- no relation -- discusses a stock that is headed for trouble and Greg Woodard of Manning and Napier covers stocks in the Market Cal
Regards,
Ted
https://www.stitcher.com/podcast/moneylife-with-chuck-jaffe/e/63468599?autoplay=true
M* Snapshot SFGIX:
https://www.morningstar.com/funds/xnas/sfgix/quote
M* Snapshot SFVLX:
https://www.morningstar.com/funds/xnas/sfvlx/quote

Best Blue-Chip Stocks to Buy for the Rest of 2019
https://money.usnews.com/investing/stock-market-news/slideshows/the-best-blue-chip-stocks-to-buy-for-the-rest-of-the-year
U.S. News & World Report
Invested
Advice, rankings and stock market news for investors.
Aug. 26, 2019
Today's Big Idea
Best Blue-Chip Stocks to Buy for the Rest of 2019
With 10-year Treasurys yielding just 1.6%, conservative investors have few options in the stock market today. Proven large-cap stocks with robust business models are a solid choice for investors.
Here are seven of the best blue-chip stocks to buy for the rest of 2019.
1. Target Corp. (ticker: TGT). While the terms “Target” and “robust business model” might not bubble into consciousness simultaneously, perhaps they should. The big-box retailer is coming off a blockbuster second quarter in which online sales jumped 34%, earnings per share advanced 20%, and management raised full-year EPS forecasts.
2. Johnson & Johnson (JNJ). Johnson & Johnson has been considered a reliable blue-chip stock for over a century, and if it weren’t for a stronger dollar, sales would be rising in the mid-single digits internationally right now. JNJ shares offer a 2.9% dividend. – John Divine
Target Corp. (TGT)
Johnson & Johnson (JNJ)
Berkshire Hathaway (BRK.B, BRK.A)
Walmart (WMT)
AT&T (T)
PepsiCo (PEP)
McDonald’s Corp. (MCD)
1290 Diversified Bond Fund TNUAX
$62.3M
6.61%
1290 DoubleLine Dynamic Allocation Fund TNXAX
$60.5M
4.32%
1290 GAMCO Small/Mid Cap Value Fund TNVAX
$101.9M
-6.64%
1290 Global Talents Fund TNYAX
$27.5M
-10.23%
1290 High Yield Bond Fund TNHAX
$35.1M
4.74%
1290 Low Volatility Global Equity Fund TNZIX
$3.4M
5.08%
1290 Multi-Alternative Strategies Fund TNMAX
$18.6M
-2.28%
1290 Retirement 2020 Fund TNIIX
$10.6M
4.37%
1290 Retirement 2025 Fund TNJIX
$17.7M
4.34%
Data as of August 26th, 2019
Unsubscribe from this email list
Manage my email preferences | Privacy Policy
1050 Thomas Jefferson St. NW, Washington,
DC 20007 USA
USN Facebook Link USN Twitter Link USN Google Plus Link
© 2019 U.S. News & World Report, L.P. All rights reserved.

Since even in 2019 the Economist never uses author bylines, I am forced to take their commentaries with a grain of salt, interesting (and sometimes accurate) as they are... and is also part of why I cancelled my subscription years ago. Journalistic accountability and all that.

Stipulation:
I do realize that the information referenced above is meaningless, fake, and total propaganda, inasmuch as The Economist is certainly part of the free press and main-stream media.

You said it!
What shatters me is the inability to TRUST anything this idiot 'president' says or does -- it's either false, exaggerated, reversed an hour later, or denied by others as ever having happened.[1] Couple that with his not having a higher degree of public trust because he fights tooth-and-nail to keep his tax returns secret is only further fuel for the fire....an 'innocent' or trustworthy person wouldn't do that. Gods help us if we ever get into a real war or financial crisis -- who are you going to believe? Tweety Amin and his fantasies or the traditional global news media?
If the Modern Framers could somehow include empathy, being a decent human being, and a requirement to represent ALL CITIZENS of the country, that would be nice, but .... alas.
[1] To wit: this morning he said China is 'ready to deal seriously' on trade, which shot the Dow up from it's -300 overnight levels after the G7+1 fiasco. Yet China denied any such phone calls had been made.

"intellectually coherent"
I really like that. What a shame that wasn't written into our constitution as a presidential requirement by the framers. Of course all of them were intellectually coherent, so it likely never occurred to them that this was anything special.

FYI: U.S. stock futures pointed to a recovery Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries will start talking very seriously.
Dow Jones Industrial Average futures traded 154 points higher, indicating a rise of 208.10 points at Monday’s open, as of 3:27 a.m. ET Monday. S&P 500 and Nasdaq 100 futures also pointed to opening gains for both indexes.
Global stocks and government bond yields fell on Monday as a new escalation in commercial tensions between the world’s two largest economies cast fresh doubt on growth prospects.
Regards,
Ted
:
WSJ:
https://www.wsj.com/articles/global-stocks-fall-as-trade-tensions-escalate-11566787858
Bloomberg
https://www.bloomberg.com/news/articles/2019-08-25/yen-gains-stocks-to-drop-as-trade-war-ramps-up-markets-wrap?srnd=premium
IBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-china-trade-war-trumps-apple-stock-market-rally-fed-cuts-tesla-boeing-micron/
CNBC:
https://www.cnbc.com/2019/08/25/dow-futures-drop-300-points-at-the-open-as-us-china-trade-war-escalates.html
U.K.
Closed
Europe:
https://www.reuters.com/article/us-europe-stocks/european-stocks-tumble-on-trade-war-blows-idUSKCN1VG0HQ
Asia:
https://www.marketwatch.com/story/asian-markets-sink-as-trump-ratchets-up-trade-tensions-2019-08-25/print
Bonds:
https://www.cnbc.com/2019/08/26/treasury-yields-fall-investors-flee-risk-trade-war.html
Currencies:
https://www.cnbc.com/2019/08/26/forex-markets-us-china-trade-war-in-focus.html
Oil:
https://www.cnbc.com/2019/08/26/oil-markets-us-china-trade-war-in-focus.html
Gold:
https://www.cnbc.com/2019/08/26/gold-markets-us-china-trade-war-us-stocks-in-focus.html
Cuirrent Futures:
https://finviz.com/futures.ashx

+1.

All I have to say after reading the article is that I admire the framers of our constitution even more. Limiting the president to a 4 year term might limit the harm she or he could inflict, while allowing a successful performer to repeat their success. While it might be better for the non-Russian or Chinese world to have a shorter term, it's not realistic in this era.
While I do agree with the basic observations in the article, based on my psychology undergrad degree, I also have a minor in West European history focused primarily on Germany in the 1930's. The environment is much different here, and I don't see Trump as the new Hitler, and the economy is markedly better than that in the Wiemar republic; but I am concerned with the concept of Dr. Goebbels that repeating the same lies consistently makes them believable.
Hitler was not the leader of the dominant world power; but the American president is; and he has to convince his inferior associates that he has a viable concept of the future.
I suspect these people are holding their breath until late January 2021. They don't really care whether Ruth Ginsburg survives until lat January 2021 or if "Moscow Mitch" is re-elected (sorry, but the alliteration is too perfect), but intellectually coherent individuals have to be concerned about the short-term future of our country.