IN THE BACK
25-year investment horizon to play with . I can leave my money to grow and carve off cash when I need it . I should be able to take more risk than popular wisdom dictates because I will have a time horizon of more than 20 years . Retirees didn ’ t use to have that luxury . What I don ’ t want to be doing in retirement is selling down investments at a loss , for example in a market downturn , as this will just accelerate my portfolio ’ s decline . I ’ ve previously preached the use of cash in combination with higher-risk investments , allowing you to dig into reserves in downturns and harvest your gains in rising markets , so I won ’ t go over that again . In conclusion , you should almost carry on the behaviours you practised
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