JPMorgan’s 2025 Guide to Retirement: outing年龄、风险偏好及其影响
JPMorgan Asset Management’s 2025 Guide to Retirement offers a comprehensive overview of how investors perceive their risk tolerance across different age groups, visualized through a chart. This chart details how older investors tend to be more Conservative, influenced by their extended life horizons, while younger investors, particularly their 30s, exhibit a slight shift toward more Conservative behaviors.
In a typical retirement journey, assets grow over time, allowing buyers to liquidate investments whenever they desire. This strategy involves time because investing every year is a form of dollar-cost averaging, which reduces the impact of market volatility. Older investors, benefiting from this, might be less sensitive to market downturns compared to younger Vintage investors who may retain wealth by selling prior investments.
The chart reveals a peak in Conservative risk preference around the age of 55, after which enjoyment of growth increases. This trend points to a growth curve that reflects the uncertainty of retirement. The section also explores the emotional dimensions driving risk preferences, noting that younger investors, especially those in theirPrime working years, may feel more emotionally driven to mitigate market risks, as highlighted by studies on Market Risk Aversion (MRSA). This emotional dimension underscores how individuals, who are inherently risk-averse, can influence market attitudes.
The article discusses four general guidelines for risk tolerance:
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Early Career (20s-40s): Investors should embrace growth with stocks, as market corrections may be inevitable.
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Mid-Career (40s-60s): Balancing growth and stability is crucial, suggesting a moderate allocation to bonds alongside stocks to minimize market distortions.
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Nearing Retirement (60s): Transitioning towards a more conservative risk level, shifting toward safer investments like bonds and dividends.
- Retirement (70s+): Focus on stability and income, highlighting the importance of investments that provide consistent income even after retirement.
The guidance ties investment success to established ratios, such as 60% stocks and 40% bonds, with custom adjustments depending on age. The section introduces a practical tool, the 120 Rule (120 minus age equals the desired stock percentage), offering a cognitive shortcut for adjusting股 accumulating. This method remains a tendency inherent to humans, as older investors may overly concentrate in stocks, while younger ones may exhibit a more diversified view, reflecting the nuances of life and emotions.
This examination of risk tolerance and age offers a balanced view of how market expectations evolve as individuals age, emphasizing the importance of emotional intelligence and a thoughtful approach to portfolio management. By understanding these dynamics, investors can make more informed decisions, fostering a life of fulfillment and growth.
