Loss aversion is a common trait among those who have experienced traumatic declines in their wealth but it's also becoming a common trait among millennials. Playing it too safe isn't always the best bet when it comes to your retirement savings.
Key Takeaways:
- No matter how much risk you take, or avoid, starting saving early and remaining a steady contributor to your account is a key to long-term success.
- In and near retirement, it makes sense to become more risk averse and lighten up on stocks. |
