traineeinvestor
Thinks s/he gets paid by the post
I saw this article on Yahoo:
peak-age-of-financial-reason: Personal Finance News from Yahoo! Finance
Over the last few years, the newspapers/internet have been full of stories about (often) elderly people who have lost substantial amounts of their wealth and their ability to support themselves in retirement by making bad investment decisions. Investors who were persuaded to invest significant amounts of money in Lehman products and, of course, some of the Madoff victims who gave too much of their money to one person.
At the same time, I can point to a number of older investors who are still extremely sharp.
How real is the risk of deteriorating financial judgement (not a mental illness) wrecking a well planned retirement?
peak-age-of-financial-reason: Personal Finance News from Yahoo! Finance
Over the last few years, the newspapers/internet have been full of stories about (often) elderly people who have lost substantial amounts of their wealth and their ability to support themselves in retirement by making bad investment decisions. Investors who were persuaded to invest significant amounts of money in Lehman products and, of course, some of the Madoff victims who gave too much of their money to one person.
At the same time, I can point to a number of older investors who are still extremely sharp.
How real is the risk of deteriorating financial judgement (not a mental illness) wrecking a well planned retirement?