Originally Posted by
Biscuit
Quote from that article:
"If you're on the cusp of retirement or you're nearing retirement, you shouldn't be in risk assets like shares or property to a large degree."
Must be one of the most ridiculous statements from a serious commentator I've read for a while. Apart from the fact that "the cusp of retirement" and "nearing retirement" are exactly the same thing, no one with half a brain would have most of their investments in cash assets. I retired last year at 59 and with any luck I'll be alive for most of the next 30 years, leaving assets for the next generation after that. Virtually all my (our) investments are in shares and property, what kind of investment advisor would advise otherwise?