Hope you are good
my friend will retire in ~ 6 or 7 yrs, he lost 27% of porfolio past 4 wks. He is well diversified I think 70% stocks 30% bonds mostly in index and Target dated funds 2030
He was asking me when DOWS reach new highs >31K again so he can slowly pull out and go 50/50 before retirement
I told him maybe good to consider changing porfolio 6-12 months prior your retirement maybe heavy in bonds [like others did here when DOWS 28K or so RIGHT prior to crashes].
Any Ideas? 2023? IMHO - I think it may take awhile for this to recover few months and then we may have slow downs, maybe takes some times to market to recover/heal and start upswings again so could be 12-36 months before see DOWS 30K again. But we never know, it maybe there again in 6-8 months.