Keeping one's powder dry

[Newroad]

Hi All.

For what it's worth, I/we remain fully invested. In context, this means 62.99% equities for me currently, slightly higher for the younger members of the family.

To achieve that, I put the maximum tax sheltered amount into the ISA's, JISA and SIPP's. Within those, I rebalance between equities and bonds to maintain the target ratio.

In the event I need dry powder, it will already be there, e.g. in an equity correction/crash, bonds are unlikely to go down by as much, perhaps not at all - in which case, I will simply sell bonds (to get the dry powder) and buy equities, rebalancing in the process.

Regards, Newroad