> So look at your peers (your socioeconomic class) and match the average portfolio. > The point is simply to keep up with your peers’ returns on their wealth t

> So look at your peers (your socioeconomic class) and match the average portfolio. > The point is simply to keep up with your peers’ returns on their wealth that they also can’t afford to lose Wait... Why the heck would I give care about what my "peers" (whatever that is) are making as returns? I don't care about keeping up with the Jones. Does copying my peer's average portfolio somehow protect mine? As in: is that some game theory thing where because they all do that, what they own keeps some value and hence I should copy that? I'm genuinely asking.