Subject: Re: Have about 2.5 years of cash left for expenses
Jim,

Thanks for the reply. I once kept a ridiculous 10 year cash cushion, but I think you are the one who told me that was dumb.

I am trying to evolve my thinking like yours: if I have to sell some at a less than perfect valuation for a period of time, my low withdrawal rate means that I won't be pulling that much out so it should't kill me.

I've been trying to sell bigger chunks at 1.5x peak book value, but that was requiring me to keep a larger cash cushion than I really wanted to, and really sell more than I wanted to.