2 Reasons Stocks Are Still Great Investments for Seniors
You may have been told that you shouldn't invest too heavily in stocks as you age, because their volatility could put older investors at risk of huge losses when they need their savings most. While that's true, it's wrong to assume seniors should move their money out of stocks completely. Stocks can still be great investments for older adults, and below, we'll look at a few reasons why.
There's definitely a risk to investing too much in stocks when you're nearing retirement, but there's downsides to not investing in them too. The average annual stock market return over the past 10 years has been about 13.9%. The average bond return, by contrast, is usually only between 5% and 6% per year.
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Source Fool.com
