"Stocks Are Great for the Very Young — and the Very Old"
January 18, 2022
A perspective I hadn't seen before.
Conventional investing wisdom says that the older you get, the less of your financial assets should be in the stock market. One frequently heard justification is that stocks rise reliably in the long run but can fluctuate a lot in the short run and that if you’re old, you don’t have time to recover from a bear market.
Both parts of that formula are problematic.