There are many different types of investors. It helps to step back and consider things from a broader perspective than just your own situation.  Doing so is likely to make one's thinking more impactful to a wider spectrum of investors and provide far more options to consider----more ways to "skin a cat."
From an investment point of view, surveys have shown that investors number one goal is having an income that will cover their needs for life. It is not capital preservation. Losing money only becomes a concern if /when it might negatively impact the person's income. 
So, for example, someone 80 years old could own several fully paid-for rental properties where the leases are under contract with the Gov. of Canada for 25 years rising annually by the rate of inflation. And this 80-year old lives quite comfortably on those lease payments. How worried is he likely to be about the value of those buildings? 
Dividend investing (see Sniktaw) if one sticks with quality is really no different