Right what would a person planning on retiring this week need any of that money for. It’s not like they need it to pay for rent or mortgage, or groceries, or anything like that. Fucking cruel bastard.
I mean, the closer you are to retirement, the more heavily your investment mix should favor low risk assets like bonds, rather than high risk assets like stocks. So I can kind of see what he’s saying… It’s just pretty fucking tone deaf.
Right what would a person planning on retiring this week need any of that money for. It’s not like they need it to pay for rent or mortgage, or groceries, or anything like that. Fucking cruel bastard.
I mean, the closer you are to retirement, the more heavily your investment mix should favor low risk assets like bonds, rather than high risk assets like stocks. So I can kind of see what he’s saying… It’s just pretty fucking tone deaf.
Dow Jones has gained 60% over past 5 years. Over the past 10 years it has more than doubled. Over the last year it is down 1.5%
Anyone who has kept investing for his retirement in US stocks/ETFs has a very comfy situation.