Yet another day, and another "new paradigm" during this Great Mania which started decades ago now.
(Bloomberg) — BlackRock Inc.’s Quintin Price has advised his 80-year-old
mother-in-law to hold more stocks as rising life expectancy pushes the
elderly to seek higher investment returns.
“The conventional advice, when life expectancy was lower in the past,
was to move more investments into fixed income,” Price, who is
responsible for active equities and fixed income as BlackRock’s head of
alpha strategies, said in an interview yesterday at the firm’s offices
in Zurich.
“This conventional wisdom was born during a time when life expectancy
was much lower and is simply no longer valid,” he said.
[...]
“We’re going to see this kind of investment evolve to the point where
people are going to change behavior and going to take longer-term views
and going to own more high-yielding equities,” Price said. “A shift to
this new investment strategy will give investors a better
inflation-hedged income.”
No comments:
Post a Comment