The older investors get, the more conservative they tend to be with their money. That’s not the bravado of youth fading away — that’s sound strategy.
After all, it’s one thing to play fast and loose when you’re young, but investors nearing retirement don’t have a lot of time to make up for bets gone bad.
Unfortunately, many Americans today don’t have the luxury of doing what worked for their parents and grandparents. In fact, shifting to ultra-conservative investments could be the riskiest thing you can do.