Financial Savvy Peaks at 53 - What to Do When You Get Stupid

hank

Lewis Mandell - Interviewed by PBS's Paul Solman (Click on article when main page appears) http://www.pbs.org/newshour/economy/makingsense/

Lewis Mandell - Interviewed by Fox Business News http://www.foxbusiness.com/personal-finance/2013/09/12/qa-with-what-to-do-when-get-stupid-author-lewis-mandell/

Related - With Increased Age Comes Decreased Risk-Taking in Decision Making http://news.yale.edu/2013/09/30/increased-age-comes-decreased-risk-taking-decision-making

catch22

Hi Hank,

The link didn't open, nor did related search links for the newshour story.
However, this same titled link from Mar., 2007 may be valid. The first line statement in this link speculates that a "theoretical economist" is finished with comprehensive thinking, by age 40.
I suppose this house just load up on some indexes with decent percentage relationships and let the money ride. We'll have our daughter monitor the results on a weekly basis and perform buys and sells per today's written instructions while we can still think a bit.

Reminds one of the 1960s and the statements about not trusting anyone over age 30.

Should we be dumping all managers over age 53 ???

I was going to note something else, but I have now forgotten. Aging is a ....., eh???

Away to more work at the house; if I can remember what I want to do.

Take care,
Catch

hank

Reply to @catch22: Thanks very much Catch. It's working pretty well now.
Sounds like a sales pitch for annuities. But, something to think about.

(Yep -- Lotta days now have to hunt all over for the car keys. Then again, Warren Buffett seems to be doing pretty well. So there's still hope.)

Regards

davidrmoran

Boy, I was a lot stupider in all respects at 53 than now, 13 years later.

Old_Joe

Reply to @davidrmoran: I didn't realize that I was supposed to have been smart then... and so here I was still waiting. Bummer.