Finding the Best Stock Market Investing Advice
In a recent Market Watch article, Jane Bryant Quinn asks..."what about the financial planners who advise pre- and newly post-retirement clients to hold a substantial portfolio stocks? Are there flaws in that asset allocation?"
"The resounding answer: NO. They've kept the faith in a financial portfolio that's 50 percent to 60 percent invested in stocks for people facing a retirement of 20 to 40 years." Will investors still believe them when the next wave is over? The current problem is that those heavily invested portfolios are now devastated, leaving many investors, especially retirees, asking themselves why they listened to their advisor's stock market investing advice in the first place.
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