Many of them have real estate holdings that likely didn't do too well.Don't knock diversification. Yep, the stock market is on a roll due to Uncle Ben printing money like there is no tomorrow, but there is. Sooner or later, the stock market will crash back to earth......You don't want to be all in stocks....or maybe even 60% if your other half is bonds......they too will get creamed when interest rates rise. remember, in the long run, it's not the fast runner that wins the prize year after year. t.
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