I've been retired for five years. My entire career has been in banking and finance and I still do some limited consulting work. My investment objectives now are focused on maintaining income flows that will meet or exceed inflation with capital appreciation as a secondary objective. Most holdings are at least partially equity based. I'm a strong believer in diversification and maintain strict limits on concentrations as a means to manage risks in a portfolio dominated by equities. I use covered call strategies to enhance income and hold some growth stocks to enhance capital appreciation prospects. I am fortunate to participate in a defined benefit retirement plan so that does enable me to be a little more agressive with my investments. Cyclical price volatility in not of particular concern. I view my investment horizon to be considerably longer than what many may consider appropriate. Not that I expect to live forever, but that my investments will outlive me (or so my kids hope!).