Tag: Welfare Costs
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Revolutionizing Retirement: How an All-Equity Investment Strategy Could Unlock Trillions in Wealth
The paper titled “Beyond the Status Quo: A Critical Assessment of Lifecycle Investment Advice” challenges two fundamental principles of lifecycle investing. Firstly, it disputes the notion that investors should diversify across stocks and bonds. Secondly, it questions the common advice that younger investors should hold more stocks than older ones. The study proposes an alternative…