What should seniors consider when they invest

In the past 100 years, the stock market has beaten other asset classes, and the writer expects that it will do so again. PHOTO: AFP
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Over short periods, financial markets can be treacherous. So I usually recommend spreading your risks with low-cost investments in the entire stock and bond markets, and hanging in for decades. But an e-mail from a reader brought me up short.

“This 92-year-old just read your column,” she wrote, adding, “Wish me luck.” I did wish her luck in an e-mail, and I apologised for failing to be sensitive to her needs. Later, we spoke at length on the phone. Her financial accounts had been hacked, she said, so I agreed to conceal her identity to shield her from further problems. Her first name is Jane.

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