Originally Posted by Being
And what's the "conventional wisdom to older people or those closer to retirement"? Allocate more in government bonds and cash deposits....
I can talk from both sides of my mouth, because I invest for myself (as an old geezer) as well as my sons (who have more time and risk tolerance). Totally different portfolios and strategies.
At some point it becomes like watching a great movie a second or third time around, in another language, with subtitles. I know how it ends, with diminishing returns, but my kids could really give a crap. Yet. They won't care until it's archived and revived, for its "uncanny prophecy".
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