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Nothing is bulletproof, but you have to do something and Browne's portfolio has less risk than most. It sacrifices some returns to achieve that, but if you're r
by DennisP 3y ago
Nothing is bulletproof, but you have to do something and Browne's portfolio has less risk than most. It sacrifices some returns to achieve that, but if you're retired or nearly so, it's a solid choice.
- kaycebasques 3y agoYes, exactly! Nothing is bulletproof and you have to do something. There Ain't No Such Thing As A Free Lunch. You can't depend on anyone to figure out a low-risk plan for you, not even Browne!
- ghaff 3y ago>It sacrifices some returns to achieve that, but if you're retired or nearly so, it's a solid choice. In that scenario, especially given a healthy nest egg, it absolutely makes sense to optimize locking in an income stream at the expense of limiting the upside. Once you have "enough" money close to retirement, it's mostly about not taking risks for potential gains that won't really benefit you. For someone in a different situation, it will often make sense to go for higher average returns over time. (All of which is pretty much bog standard financial planning advice.)