alt Hacker NewsTiming the market is bad, but I'm reading "risk averse" as selling equities and buying bonds.
The problem is that this recent equities run has been extra terrible for more conservative 60/40 portfolios [0].
[0] https://www.morningstar.com/economy/6040-portfolio-150-year-...
> selling equities and buying bonds
There's an intermediate option: sell high P/E stocks and buy lower P/E stocks with dividend paying history. There are ETFs designed for this purpose too.