A catastrophic loss is less critical to an older investor than it is to a younger investor since younger investors typically have less money to lose.

Question

Quizplus · Accepted Answer

This statement is false. A catastrophic loss is actually more critical to an older investor, as they have less time to recover from the loss and rebuild their portfolio. Younger investors have time on their side and can recover from losses over a longer period of time.

A Catastrophic Loss Is Less Critical to an Older Investor