Shares in retirement

Chris Dillow

Chris Dillow
Shares in retirement

How should being retired affect your investment behaviour? The standard financial advice says retired folk should own fewer shares because they have shorter time horizons. If this is right, many investors are wrong, because researchers at the European Central Bank have found that, in many countries, older folk don't run down their shareholdings. "Portfolio shares tend to be rather constant through life," they say.

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