I disagree with this. I am one of the older boomer, born in
1948, and I am buying even today. Luckily I went into this meltdown
with about 50% cash. I've been surprised by how much damage has
been done to my portfolio having had all this cash. But luckily I
had lots of dry powder to buy with. I've been investing in stocks
since 1981. I consider this one of the best opportunities of my
life time. I'm a Registered Investment Advisor in Napa, CA. Many of
my clients are boomers too. They feel just like I do, and they all
had the same amount of cash to work with. We are buyers!
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I disagree with this. I
"The boomers, who hold most of the wealth, will stay ...
Posted by pkrsek on 19th of Mar 2020 at 02:27 pm
I disagree with this. I am one of the older boomer, born in 1948, and I am buying even today. Luckily I went into this meltdown with about 50% cash. I've been surprised by how much damage has been done to my portfolio having had all this cash. But luckily I had lots of dry powder to buy with. I've been investing in stocks since 1981. I consider this one of the best opportunities of my life time. I'm a Registered Investment Advisor in Napa, CA. Many of my clients are boomers too. They feel just like I do, and they all had the same amount of cash to work with. We are buyers!