Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Baby boomers hold approximately 54% of all corporate equities and mutual fund shares in the United States, according to recent analyses. Many boomers, having experienced the Global Financial Crisis, are wary of high stock allocations as they approach retirement. Experts suggest that unless boomers are wealthy, they should maintain low stock allocations, particularly those over age 65. Concerns have been raised regarding the risk management of retirement portfolios, with some commentators emphasizing that individuals nearing retirement should have diversified out of stocks years ago. The stock market's volatility is seen as inappropriate for most retirees unless they possess significant net worth, prompting calls for better risk management strategies among older investors.
Zoomers with nothing but fartcoin in their crypto wallets watching boomers with overleveraged hedgie 401ks panic about the stock market going down two percentage points because CNBC Squawk Box told them the world was ending: https://t.co/fXC5E7641g https://t.co/zbyJY2ppMg
There is a reason they tell people to buy low risk assets the closer they get to retirement. You have no control over what the stock market decides to do and you won't be able to keep working. I don't know how many people still do this, however.
If you were about to retire and live off of 401k, then you should have been diversifying out of stocks YEARS AGO. If you're younger and having a panic attack, you're a gambling addict who thought you were a genius because free money kept the market going up. Get real!
