Close to retirement age but plan to keep working for some time to come. Have invested in stock market sporadically, mostly confused and scared. It hasn't worked very well. Have a lot to learn, learn a lot from many SA folks and enjoy the sharing here.
Historically about 60% invested (minority is stocks along with a lot of "other") with 40% cash. Aiming at this stage to put more of the cash to work, and since I'm underweight in stocks/bonds, am focused there, especially but not only DGI.
Expect that I can avoid taking much if any income out for 15-20 years (except tax and the RMD), unless something unexpected happens--not a long compounding period but better than not at all.
I retired from elementary school teaching in May, 2011. Today I'm an avid low desert gardener, researching varieties of peaches, plums, pears, apples and tomatoes that can survive and produce fruit in Arizona's 105˚+ summer heat. Now I'm researching dividend growth investing to find ways that invested savings can yield dividends the way orchards and gardens yield fruit. The real question is whether a beginner can successfully select stocks with dividends that can survive the ups and downs of today's economy. To find out, I rolled my tiny 403(b) over into an IRA and bought my first shares of MCD in May 2012.
July, 2013: I've sold most of the mutual funds in my IRA and invested the proceeds into dividend paying stocks: AAPL, INTC, MCD, PAYX, ABT, JNJ, AEP, PEG, CAT, COP, PG, GIS, KO, O, AFL, NSRGY, ABBV, and KRFT. The one year total return is a tad above 6%, the dividend yield is about 3.3%, and the portfolio's Beta is 0.7
In the garden, I'm trying to grow three varieties of blackberries, two papaya seedlings, a pummelo seedling, tromboncino squash, and miniature butternut squash vines.