ShrinkDoc
Dryer sheet aficionado
Am I too old to invest in anything with a high yield I have no IRA or 401k like others seem to have
DJ
DJ
Am I too old to invest in anything with a high yield I have no IRA or 401k like others seem to have
DJ
How old are you?
How old are you?
No, you are not too old. The actuaries would probably give you 20 or more years of life expectancy. That's an adequately long time in the investment world to be looking a little bit for yield.That piece of info would have helped, huh? I am a 68 year old guy in private practice
Here is a link that suggest the stock allocation based on age:
https://www.investopedia.com/articles/investing/062714/100-minus-your-age-outdated.asp
I personally prefer a more conservative approach of 90 minus my age because at age 90 I want to be 100% bonds or cash.
I do not want to be age 90, which is slightly over my life expectancy, and have any significant stock investment. This is because I do not want to experience a stock market crash which may take 3 to 7 years to recover. At age 90, I may be dead before the stock market recovers from a stock market crash.
Like the article suggest, it really depends on how much risk you want to take as you get older. Everyone's risk tolerance is different.