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Is this why they should have 90% or more of their fund in bonds by now?
by hackerbabz 7y ago
Is this why they should have 90% or more of their fund in bonds by now?
- ddalex 7y agoChina has 90% of their funds in US bonds by now (called dollars), and what good does that do them ?
- hackerbabz 7y agoIt gets them stable 2% interest every year with almost 0% risk of default.
- rpiguy 7y agoThat is sound and oft repeated advice, but I do wonder how many people actually follow it. Anecdotally my parents are half retired and still have most money in stocks, as did one set of my grandparents. They lost a huge amount of their retirement in the .com crash and worked into their mid-70s to recover it. The other set of grandparents put everything into CDs and stable investments. The set of grandparents that lost it and had to get it back still ended up with 5x the money as the more risk averse pair.