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Wildcat's avatar

The concept of becoming less risky with age is in itself a flawed concept. A couple in their 60's have a 1:2 to 1:3 chance of making the mid 90's. That's 30 years away!

Making a portfolio conservative with a 30 year timeframe is a flawed thought process. No geared share investments I grant you but a 70/30 portfolio may well be needed if you want more than bread and water, especially in a low interest rate and rising inflation environment, by the time you are 90 or 95. When would such an environment happen anyway....pffff.

Of course when the client runs out of money the adviser will be well retired, I pity any clients if that's the opinion of their adviser.

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Nick Lincoln's avatar

FIFO: in a typical three-decade retirement, a fixed income (laden-portfolio) is a fixed outcome: penury!

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