I am a recently retired 65year old. Below I've listed out my current IRA AA below and would like to ask for feedback. I realize I'm being overly conservative here, but as a retail investor facing this volatile market going into Retirement seems really daunting. For this IRA I just want to minimize any Capital losses as result of a market correction given this volatile market.
For context, this IRA money ($2M) is all in our Fidelity IRA Account. I am not planning to touch this money for 5+ yrs. I do have another SoFI Account (w/$50k) in it that I trade individual stocks. With this trading account at SoFI, I am willing to see that go down significantly, or (hopefully) get great upside over time and trade out of when each 3x more than original price point. Its in more speculative stocks like: AMZN, NVIDIA, MSFT, RCAT, CAT, PLTR, XE, IONQ, SOFI, TSLA, SPCX
I realize I'm being super conservative here in our IRA but I want to make sure that I preserve capital and mitigate losses in that account moving forward. We are living off additional savings we have available until SS kicks in at 67 (maybe 70). I plan to DCA in with our large IRA Cash position when the market drops by 10%, 20%, 30+%. Does this seam reasonable? I know trying to time the market is a fools errand but, many wealthy people I talk to keep a large cash position (much larger than mine) as dry powder to buy in when the market corrects significantly. I plan to do the same.
SCHD @ 27%
CASH @ 30% (3.5% yield)
VTIP @ 18%
IAU @ 11%
FXAIX @ 6%
XLE @ 8%
Again, any advice appreciated here? I could lean into International but imho that seems super risky as well. Thx in Adv. -McMuff