709 - For Long-Term Investing: Bonds or Stocks?
Financial economists have long advocated that retirement investing be done using fixed income, given that retirement commitments are generally fixed. This argument relies on a presumption that equity risk increases rather than decreases over time. But -- is this really true? Aren't economies and capital markets cyclical, with at least some reversion-to-mean tendencies? If so, how does that affect the stock vs. bond decision for funding long-term retirement commitments?
Speakers:
Mr. Brian C. Donohue
October Three LLC
Mr. David R. Cantor
Mercer
Mr. R. Evan Inglis