Don’t trust anyone over 30. That was a rallying cry for the counterculture 1960s. But nowadays, people seeking investment advice probably should be suspicious of anyone under 50.
A study titled “What is the Age of Reason?” concludes that middle-aged people make fewer mistakes with finances than those who are younger or older. The research even pegged the optimal point in life for handling money-related decisions: 53, give or take a few calendar pages.
Read Full Article »