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Resolved Question
Should younger investors risk more money in investments rather than those who are nearing their retirement age?
Why does age become an issue here? What can you say about this? I'd like to see some personal opinions here, please.
over 2 years ago
Best Answer - Chosen by Voters
I suppose that age becomes an issue because most people would like to retire young and not be working when they are near their "retiring" age. That being said, I think that it is important to build your wealth when you are young, because time is on your side. As time passes by, you want your investments to grow so by the time your are old, you wont need to work anymore and actually be retired.
over 2 years ago
Answers (2)
I guess, younger people can afford to lose investment money because they still have ample time to win back their losses. The young can still work and earn big salaries while the old will have no more good chances to get high-salaried employment.
over 2 years ago
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In my opinion, investors who are nearing their retirement age should just put their money on safe assets like bonds and not in riskier investments like stocks and currencies. Bonds are relatively safe as they are guaranteed by the issuing company or country. You also get a steady stream of income based on its coupon rate. Assets like stocks, options, and currencies, on the other hand, are very volatile though they offer a potential for huge gains. Younger investors are in the best position to invest on those because if they lose, they will still have enough time to make up for their losses.
over 2 years ago
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