Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

2 of 10
BACKNEXT
Shawn Lakhani, 28
Shawn Lakhani, 28
Shawn Lakhani is a systems analyst in Yorba Linda, Calif.
Portfolio allocation: 5% stocks, 95% cash

Between 2005 and 2007, I was invested in individual stocks and some mutual funds, but I got spooked as I heard more and more about the risk of a crash as the credit markets starting locking up, and decided to get out and come out ahead.

To be an investor in today's stock market roller coaster is a hard pill to swallow. I have currently moved to mostly cash because of the threat that the economy was slowing and heading toward a double-dip recession. After seeing how quickly things can change, as the market did in 2008, I have learned to be more defensive.

I currently have some short positions to make money in a down market, but I no longer believe in buy and hold strategy. For the long-term, I plan on holding international companies and growth-oriented mutual funds, but I'm going to wait for a significant downturn or signs of stability before I get back in.

NEXT: Neil Sowinski, 30

Last updated September 06 2010: 3:43 PM ET
More Galleries
Here's what costs more than a barrel of oil Oil prices have crashed to below $27 a gallon -- a level not seen since 2003 -- which makes a barrel of crude cheaper than lots of everyday purchases that we don't think twice about. More
Super Bowl 50 ads are studded with celebrities The 2016 Super Bowl has rolled out the red carpet for the likes of Helen Mirren, Amy Schumer, Seth Rogen, Steven Tyler and the late, great Marilyn Monroe. More
The women of marijuana These women entrepreneurs and executives are making their mark in the marijuana industry. More

Special Offer