And if I’m wrong and everyone is actually doing it, how is it sustainable in the long run? I mean, we can’t all be millionaires.

  • bluGill@fedia.io
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    2 days ago

    there are reasonable odds that one of a couple will live 30 years after retireing (oiten there is an age difference so just expected lifespan may get you 20). Retired people should still have some long term investments. Not 100% like a 30 year old but not zero.

    • litchralee
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      2 days ago

      You’re absolutely right; I meant to write it from the perspective of having 100% large-cap, which would be quite bizarre for an octogenarian (unless they immortal?). I’ve amended my answer to make that clearer.

      Also, I’ve realized that I didn’t touch upon non-personal investment. That is to say, institutional investors like university or charitable endowments, or sovereign pension funds. The simple answer is that they essentially have an indefinite lifespan, and so play an entirely different game than personal investors or even millionaire/billionaire investors.