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Bill Nygren: Investors Approaching Retirement Should Invest in More Stocks

Nygren discussed investing in the rising market and new wisdom on asset allocation

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Holly LaFon
Dec 12, 2016
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Bill Nygren (Trades, Portfolio), investor at the Oakmark Fund, helped investors navigate the current market, where high prices have met a president reputedly favoring economic growth policies. Nygren said that not only is it not too late for most investors to get into the market but, due to longer life spans, retirees should begin ignoring the rule of having 60% stocks and 40% bonds and allocate more to stocks.

Because many of his holdings were the worst performer sectors earlier in the year, he is now enjoying them becoming some of the best areas of the market. Rather than attempt to time the market, Nygren said, investors should buy low-priced stocks and wait for the market to normalize.

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