> as they've been told is the responsible thing to do. This is absolutely NOT th... | Hacker News

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		paxys on April 10, 2020 \| parent \| context \| favorite \| on: Fed should pay every American, let hedge funds and... > as they've been told is the responsible thing to do. This is absolutely NOT the responsible thing to do. Every retirement fund, target date fund etc. constantly rebalances your portfolio so that as you get closer to retirement your holdings shift to bonds and other low-risk securities. Retirees should be holding little to no stock.

sorum on April 10, 2020 [–]

This. Very much this. If you (as someone nearing retirement) have your funds on auto-pilot, they'd have the right allocation.

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