There was an article in WSJ last week with data from Fidelity.
Quote:
|
Data from Fidelity Investments suggests millions of individuals have decided to do the latter. Nearly a third of investors ages 65 and up sold all of their stockholdings some time between February and May, compared with 18% of investors across all age groups.
|
18% went to 0 allocation to stocks. That seems terrible. At least people in their 60s makes some sense.
Quote:
Mr. Eberlin said he missed out on much of the market’s stunning recovery after the last financial crisis because he never figured out a time to move more of his money back into the stock market.
But he is 66. And he hasn’t worked since late March because the pandemic has dented demand for contract work in Chicago residential buildings.
|