- Joined
- Nov 11, 2014
Yep. Jack's got maybe twenty years left on the most optimistic timeline imaginable and ten more realistically. His equity exposure should be minimal. He's doing the exact opposite and is not only almost enitrely exposed to equities, but invested in the most speculative ones. They're not even investments - they're gambling. He's trying to get rich quick way too late in life and is instead losing his shirt. With his health, he should be almost entirely in safe bonds.Jagoff is responding like every investor did back in the 90's when "Boom, Bust and Echo" was a bestseller. Yes the stock market will always grow but there will be times it's very volatile and you'll be up one day and down the next. It's great when you're young and are starting out but the older you get you want to move away from things like equity and into more stable investments. The return is less but the chance of losing your shirt is almost gone.