During the last week of February, my family and I were lucky enough
randma and Grandpa in Florida with the cousins! We were able to golf, swim, and hit Disney World and Sea World.
As we were walking around Sea World, it was quite
astonishing how much the park has changed since I was there a few years ago, and how dramatically different it is compared from my time there as a
There are now some incredible roller coasters and rides that seem more like something you'd see at Six Flags. In 2019, SeaWorld of Orlando will phase out its Orca captivity and it's apparent that the entire theme park will be modified to accommodate the change. People have gotten used to going to Sea World to see Shamu but times changed. SeaWorld realized it can't keep these amazing creatures captive forever, so the theme park is reimagining its model to stay in business.
This is a lot like our stock market and portfolios. We've had a great time watching the markets go up and all the wonderful gains we've reaped over the last few years. But times are changing, and therefore we need to change our themes. Certain areas of the market are getting steamy so we need to rebalance to the areas that aren't as fun to watch (immediately anyway)
Sea World doesn't have to shut its doors because Shamu is leaving, it just needs to refocus its attention elsewhere.
As clients, we can't forget how we felt in 2008 when the stock market tum
It is very wise to remember that feeling and let go of the "entertaining" investments to settle for something a bit safer so that you can stay in the business of being retired (or getting to it).