Here's how retirees can deal with market volatility when they don't have time to 'stay the course'

In determining how much risk any investor should take, one's "time horizon"—the ability to take risk — is a material consideration. A retiree in their late 60s has a shorter time horizon than a new investor in their early 20s, but, however limited, the retiree's time horizon still isn't zero.

The optimal percentage of equities in a retirement portfolio will be driven by the retiree's need to take risk. If you don't need to take the risk, who am I to convince you otherwise? However ugly this particular market event gets, it likely will not amount to a blip on the radar when looking at your lifetime of investing.And that's especially because the most important factor in determining how much equity risk you take in your portfolio is your internal willingness to assume risk. This is the gut-check test, and if you're at risk of bailing out at the bottom — the worst possible time to sell — you must limit your exposure to stocks.

Too many investors own a collection of securities — or even a collection of someone else's strategies — that have built up over a lifetime, rather than a well-designed, purposely built, customized portfolio. Those investors should be concerned, and they should use this market hysteria du jour as the catalyst for a substantive portfolio review.

Just think, if you dummies would have bought a few months ago of the advice of these criminal cnbc pump & dump boiler room operation carnival barkers disguised as business news, you would be down 50% on your money right now in this rigged high speed algo casino lmao

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