After my posts on being broke again at 49 and feeling silently stressed, some of you let me have it. Irresponsible. Reckless. Top of the market psychology.

All fair points. Please keep the respectful criticism coming.

I appreciate the pushback because it forced me to look hard at my risk profile and explain it out loud. So here’s my defense. Part of it is financial. The other part is psychological, and that’s the part almost nobody talks about.

I have a liquidity problem . I don’t have a solvency problem. One makes me annoying at Red Rocks. The other gets your house foreclosed on.

My hope is that this post also gets you to review your own risk profile too. Leave a portfolio alone for a few years, and your actual asset allocation can drift far from what you really want. Rising markets, new commitments, and life changes all quietly rewrite your risk tolerance for you.

My Venture Investing Philosophy Post FIRE

I left the permanent labor force in 2012.…