My portfolio is at the point where I’m looking to lean more toward stability than maximizing growth. I figure these tariffs are probably as good a reason as any to start implementing a more conservative strategy.
Previous strategy: max out 401k dumping everything into S&P 500 index funds with low fees, then whatever excess I had in taxable I’d stick the vast majority into VOO, then a little into QQQ, random stocks, gold, and/or crypto (mostly BTC, a little ETH).
Pretty much have done this with every paycheck for the last decade or so. Has worked out. But as I approach retirement I want to transition to increased stability, less aggressive gains. And I don’t get the impression we have a particularly economically beneficial administration on our hands at the moment. So it’s time to pivot, for a number of reasons.
I know the traditional playbook is to weight your portfolio away from stocks and toward bonds, but I’ve never bought bonds before and don’t know where to start.
Do bonds have a better yield than 4.5% or should I just stick with hoarding cash in a HYSA? Should I be considering CDs or anything else? Is there another strategy you’re implementing, if you’re in a similar situation?
Thanks in advance for any advice.