- Sep 25, 2001
what do you mean was told oil was safe for the past decade??? oil dropped like a rock 5 years ago!It's good and fun on a message board, but in all seriousness:
A lot of retirees have been told over the past decade that oil was safe until at least 2030. It still probably is.
But this will be harsh awakening for folks who have no ability to recover. A nervous cup of coffee, to be sure.
these retirees were given wrong financial advise or did they not think why gas at the pump was $0.99/gallon 5yrs ago?
the older you are, the more in bonds you should be.
if retired, Boglehead consensus is at least 40% bonds.