Should You Reduce Risk Exposure as You Get Older?
A study suggests the “conventional wisdom” may be flawed.
If you move away from equities with age, are you making a mistake? For some time, financial professionals have encouraged investors to lessen their exposure to the stock market as they get older. After all, a 60-year-old has less time to recover from a market downturn than someone decades away from collecting Social Security checks.
Is that conventional thinking flawed? It might be.