Tag: portfolios
Morningstar shows those with self-directed investments were more likely to change than those in TDFs or managed accounts. The rumor has been that 401(k) participants took little action when the stock market declined by more than 30 percent in February and March 2020. A Morningstar study provides some numbers to back up the lore. T…
Abstract We study the household portfolios of the elderly using data from the Health and Retirement Study. In particular, we investigate the influence of aging and health shocks on both a household’s ownership of various assets and the dollar value and share of total assets held in each asset class. We find that households decreas…