CharlesDarwin@lemmy.world to News@lemmy.worldEnglish · 11 days agoTreasury Secretary Scott Bessent says Americans looking to retire aren’t concerned about day-to-day markets, dismisses concerns about a potential recessionwww.cnbc.comexternal-linkmessage-square58linkfedilinkarrow-up1322arrow-down14
arrow-up1318arrow-down1external-linkTreasury Secretary Scott Bessent says Americans looking to retire aren’t concerned about day-to-day markets, dismisses concerns about a potential recessionwww.cnbc.comCharlesDarwin@lemmy.world to News@lemmy.worldEnglish · 11 days agomessage-square58linkfedilink
minus-squareinsufferableninja@sh.itjust.workslinkfedilinkEnglisharrow-up15arrow-down1·11 days agoI mean, the closer you are to retirement, the more heavily your investment mix should favor low risk assets like bonds, rather than high risk assets like stocks. So I can kind of see what he’s saying… It’s just pretty fucking tone deaf.
minus-squareSaleh@feddit.orglinkfedilinkarrow-up6arrow-down1·11 days agoDow Jones has gained 60% over past 5 years. Over the past 10 years it has more than doubled. Over the last year it is down 1.5% Anyone who has kept investing for his retirement in US stocks/ETFs has a very comfy situation.
I mean, the closer you are to retirement, the more heavily your investment mix should favor low risk assets like bonds, rather than high risk assets like stocks. So I can kind of see what he’s saying… It’s just pretty fucking tone deaf.
Dow Jones has gained 60% over past 5 years. Over the past 10 years it has more than doubled. Over the last year it is down 1.5%
Anyone who has kept investing for his retirement in US stocks/ETFs has a very comfy situation.