Stein: Older Betterment investors were more likely to panic-withdraw than youth
Jon Stein · How I Built Resilience: Live with Tobias Lütke and Jon Stein · May 16, 2020 · at 21:13
Betterment founder Jon Stein discusses behavioral patterns and survey data from Betterment's customer base during market volatility.
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“For investors who are closer to retirement, we're recommending more conservative portfolios. We're putting them into more cash. We're putting them into more bonds that are less volatile in times like these. And nevertheless, they're more likely to withdraw than the younger customers.”
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