I just spoke to my son about beginning to shift his dry powder in his IRA into an S&P500 fund over the next month, before the midterms and end of year holidays, since I think we’re closer to the bottom than a top.
I do have him in a small position in nwbo, figuring my position is large enough to float all our boats if and when it comes in!
I might discuss the risk-reward of adding a little more nwbo to his position, but ever since I enabled him as a kid to follow me into a beanie baby mania and stayed in it too long, I’ve felt badly that I let him take too much risk! Hence, the S&P500.