Another reason people are more conservative investing as they get older is because typically, they have kids now, a wife, a mortgage, etc…
I think if I was older (like now) without those things, I’d probably be just as reckless or risk taking. When you don’t have anyone else depending on you to live/survive, I don’t think men worry about the future as much…One of the side reasons I think men, in general are doing worst than women now when it comes to career/work/family/etc…
Women are insanely worried about these things and are constantly thinking.
A lot of men just don’t care as much and are ok with sitting around more so than women IMO…
Still, being young, you can swing for the fences and still have “time” to try something else…
I’m already at the point in my life feeling a bit defeated and resolved to just get through the next decade at least till the kids are grown/in college…Then maybe, my 3rd life can start. Anyone else feel that way? I suppose it’s the feeling that you’ve had “your chance” to do whatever you wanted…for now at least.
I think it’s mostly the kids though making me feel this way since a lot of decisions (and time/money/resources) are made due to the kids. And kids are damn expensive…