Investors in the later stages of lives would likely hold more large-cap stocks than cash and bonds combined.

Name: Investors in the later stages of lives would likely hold more large-cap stocks than cash and bonds combined.
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Investors in the later stages of their lives typically shift their investment strategy towards more conservative assets like cash and bonds to preserve capital and ensure income, rather than holding a majority in more volatile large-cap stocks.

Investors in the Later Stages of Lives Would Likely Hold