11-12-2023, 06:21 PM
btfc wrote:
Wrong again.
Why? Once you're wealthy enough, and don't care to actively manage your investments (because you want to do other things with your time....which is the whole point of having wealth), why would you put yourself in more risky investments? Naturally I'm not talking about your entire portfolio, just what you need to satisfy yourself, risk the rest as much as you want. For example we'll pretty soon reach a point where we won't need anymore, so we'll set aside that in conservative assets, and let the rest continue to grow wild.