Quote:
Originally Posted by RICH1
But why is a Older Retiree taking a High Risk by investing in the market..This is "nuts"
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Perhaps because they still think long term and don't make the timeline for their portfolio ending when they die. Stocks are not risky in the long term. Stocks will for sure be higher in the future and so will be your portfolio even if its owned by your heirs and you aren't around to see it.
The only reason to go hyper conservative is if you are worried you may run out of money and need to tap into your equities during a down period.