This is how Uncle8888 as retiree has reduced from Triple Whammy in the last GFC Bear in 2008/2009 to Double Whammy in the next Bear market!
Triple Whammy: Realized losses, Unrealized losses and Paper profits disappeared fast!
Double Whammy : Just Unrealized losses and Paper profits disappeared fast as 100% of realized profits and dividends will be cashed out to Cash Reservoir to support future household expenses.
Using only invested capital recycling strategy in the investment portfolio to generate retirement income for life!...