Paul KedroskyJul 5, 2023

Nuts: Nearly half of Vanguard 401(k) investors actively managing their money and over age 55 held more than 70% of their portfolios in stocks. In 2011, 38% did so.

Older Americans Are Stock Obsessed. https://www.wsj.com/articles/it-isnt-just-boomers-lots-of-older-americans-are-stock-obsessed-ca069e1a

America’s Retirees Are Investing More Like 30-Year-Olds

At Vanguard, one-fifth of taxable brokerage account investors aged 85 or older have nearly all their money in stocks

WSJ
Show threadJay S. FleischmanJul 5, 2023
@paul Could be because GenX hasn’t saved enough for retirement overall and sees active management of an equity portfolio as the only way to “catch up.”
Show threadRachel F. ElsonJul 5, 2023
@JayFleischman @paul Those 85+ folks aren't gen x though....
Show threadJay S. Fleischman
@rachel_elson @paul Point taken, but I think there needs to be a further slicing of the age group. 55-70 yrs old had to support their kids through ‘08 recession and onwards to a greater extent than most people realize. My bankruptcy practice has been telling that story for years.
Jul 5, 2023 at 2:33pmWeb