noop wrote:
JJKinahan wrote:
That's a fair calculation for someone nearing retirement who will be counting on their stock portfolio to fund their retirement. Otherwise, not so much.
Nah. That's just investment industry nonsense.
Indeed much of the industry believes in the tradition of decreasing exposure to equities as one nears/enters retirement. It is debatable as to whether that is "nonsense". Modern thinking is that exposure to equities should be continued further in one's life due to increased life expectancy. Either way, a 60% drop should not panic someone who is years from retirement.