According to Fidelity Investments, 57% of baby boomers (born between 1946 to 1964) who manage their own portfolios are holding more stock than the company would recommend – "largely due to the bull market of the last 10 years."
- Fidelity Investments says that baby boomers are over invested in stocks and exposing themselves to potential market declines.
- More than one third of boomers were investing more than 70% of their allocation in stocks, a risky position, it said.
How Much of Your Portfolio should be in Stocks and Bonds?
As mentioned earlier this year