There are several articles for this, the Boomer part is just a sampling of friends (weird most of my older colleagues were completely out last Feb) and it is just what people do as they hit 60, they go 60-70% or more bonds etc…[/quote]
Ok, thanks. I was just curious. My dad, is even older than the boomer generation, and against my advice, he’s still buying and selling stocks when he should be only doing fixed income. i guess he has money to burn. Worked out for him for the past 50+years. I guess some people are luckier than others. I can’t believe he piled into Facebook not long after the IPO and hasn’t sold a single share of microsoft, qualcomm, or intel since 80ies and 90ies. I guess the joke was on me, being more risk adverse. Still, I agree a little caution is probably needed moving forward.
edit….. Maybe you’re on to something here. Check out this from Schwab… Seems like Schwab trading is way up.
