At 76, many retirees face financial concerns, despite having savings and investment accounts. However, one reader has found a way to mitigate risk by investing “lite” in the stock market while continuing to work.
The key for this individual is that the odds of winning are much better than those found in Las Vegas casinos. By buying cheap equity and watching it gain value, they can potentially beat the S&P 500 index over time.
Their experience highlights a nuanced approach to investing, especially as one ages. With careful risk management, retirees can still participate in the stock market without diminishing their main investment portfolio. The reader’s story underscores the importance of finding a suitable balance between risk and reward, particularly for those entering retirement or nearing it.
Source: https://www.marketwatch.com/story/the-odds-of-winning-are-far-better-than-a-trip-to-vegas-im-76-still-working-and-playing-the-stock-market-am-i-gambling-be488062