What I see is a gold rush, with millions and millions
of readers flush with
money just waiting for more good books to read — and a bunch
of authors who are standing by the river saying, «Oh, I didn't bring a
bucket, I don't have a shovel, I don't want to get my shoes wet, this area has probably already been panned dry...» So they sit and draw pictures in the sand, dreaming
of success that will never come, because all the gold is
down in the river.
If the market's in a Bear, we'll draw
down the cash
bucket until the market recovers, or sell bonds if we're running out of Bucket 1
bucket until the market recovers, or sell bonds if we're running out
of Bucket 1
Bucket 1
money.
For instance, in year six
of your retirement, the
money you previously had in
bucket two, with a bit more risk, goes
down to
bucket 1.