Between 2006 and 2010, I was a pretty aggressive investor with 90% in stocks and 10% in bonds. But in June, after the market made a comeback from the lows hit in March 2009, I decided to adjust my strategy to hold 50% in cash, 30% in bonds and 20% in stocks.
I think there are several more shoes to drop in the next couple of years and there's more potential for downside than upside. The U.S. and global economies have huge debt problems that could lead to a funding crisis for various countries and pressure the market.
I don't mind the uncertainties around investing in companies, but investing intelligently when there's such huge policy uncertainty is next to impossible. I have a lot more money invested now than I did two or three years ago, so I also have more to lose.
NEXT: Bill Darrow, 26
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