
The traditional meme of
risk sellers financial advisers is to recommend that clients hold a higher component of their savings in stocks and stock mutual funds in order to sustain desired income withdrawals through retirement. In fact this math is not sound: in reality the price that we pay for securities purchased dictates everything about the sustainability of the capital and the long-term income it is able to yield.
The time to sober up is before more capital losses hit.
Read Danielle’s the whole comment HERE