You may be planning for your retirement.

And you might be thinking about what kind of risks you should be considering in your planning. The common fear is that in the first 5 years of your retirement, you experience a very large draw down of your portfolio.

On Investment Moats, I have highlight the risks of a negative sequence, and the havoc it could do to your retirement. Some friends have asked me: What if you have very good rate of return? Does that mitigate the risk?

Well…. Yes and No.

Because while sequence of return is a big monster to tackle, high inflation seemed to be a bigger monster.

I managed to do some data crunching recently. They told me that the most challenging 30 year period was either 1966, 1968 or 1969.

1969 was a real monster. But the most surprising thing about 1969 after I looked at