As we age, changes in our investment portfolio, like our split between equity and fixed income, will likely shift. Younger people will typically allocate more to equities. As we approach retirement, depending on our circumstances, our portfolio will shift to safer, lower yield investments without as much risk. Asset allocation is best discussed with your financial advisor to ensure there is the right mix to achieve your retirement goals. Keep in mind that there is such a thing as being too safe as well.

“The most obvious shift from investing to risk management is reflected in how assets are split between equities and fixed income.”

Read more: https://www.bnnbloomberg.ca/personal-investor-when-investing-turns-into-wealth-management-1.1173447