How market timing affects retirement savings

Graphic courtesy of Artie Green
The graph shows the growth and decline of a $250,000 portfolio over time. The blue line represents the results based on the actual returns, the green line sorts the returns such that the highest annual return occurs first and the purple line shows the opposite – the lowest return occurs first.

There are numerous investment-strategy aphorisms that have circulated throughout the years. For example, “Your percentage allocation to bonds should be the same as your age.” Most are rooted in the idea that as you become older, and particularly during retirement, you will become more dependent on your savings and therefore should take less risk with your investments.

But is there any mathematical basis for such a strategy? It turns out there is, but not necessarily in the way conventional wisdom would suggest.

MV Orchard Supply to close, liquidate stock

A liquidation sale at Orchard Supply Hardware on Charleston Road in Mountain View began last week, only days after employees and customers learned that all stores nationwide would close by early next year.

Known informally as OSH, the chain started in San Jose in 1931 and expanded across multiple states before being acquired by Lowe’s in 2013.

Transactions for the week of August 29

Los Altos

77 Bay Tree Lane, McDonnal Trust to Felt Trust for $2,150,000

682 Coral Court, Rayrand Trust to S. Ok for $4,200,000

A look at Sereno Group's new digs: Just down the street, but state-of-the-art upgrades

Megan V. Winslow/Town Crier
The new space, designed for both work and play, and features a rooftop patio.

Sereno Group Los Altos’ sales manager Owen Halliday gave the Town Crier a tour of the company’s new offices at 467 First St. last week, which employees moved into at the beginning of the month despite some ongoing construction.

Halliday said he was excited about the move from the 369 S. San Antonio Road office, where the Los Altos team was based for 10 years, because he and his agents had outgrown the space. The original move-in date was in March, he noted, but the schedule was delayed to meet building requirements.

Assistance League closes Costume Bank, hands off HOME program

Courtesy of Assistance League of Los Altos
End of era: Los Altos Fire Chief Dick Bassett, above left, dressed as Napoleon, clowns around in 1966 with local businessmen wearing outfits from the Costume Bank.

After nearly 60 years of service to the community, Assistance League of Los Altos is changing its nonprofit model by eliminating two of its time-honored programs – including the Costume Bank on State Street – to accommodate a lifestyle far different from the one their founders knew.

The league in June decided to shutter the Costume Bank as well as withdraw from overseeing operations of its long-standing HOME program at Stanford Health Care, which provides subsidized, temporary housing to out-of-town patients undergoing treatment for an extended period of time.

Transactions for the week of August 22

Los Altos

396 First Street No. 16, J. & A. Warmoth to M. Theeuwes for $2,200,000

150 Catalina Court, H. & E. Roux to M. Harpaz for $2,950,000

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