Absolutely! Our opinion is that good investing principles don’t depend on age or station in life - they simply need to be aligned with your personal risk tolerance and liquidity needs. There is some slightly antiquated conventional wisdom that the best way to invest is to start buying more "income producing" assets the older you get (the so-called “glide path” or “target date” approach), but this usually means that you wind up with a fairly imbalanced portfolio that is almost all stocks in the beginning and then heavy on high-dividend / fixed-income towards the end. We think a better approach is to first think about your near-term liquidity needs and keep that money in short-dated fixed income or cash. Once your living expenses / emergencies are covered, you should build the best portfolio you can that does well in all environments. If your risk tolerance is not very high and your cash needs are proximate - which is often the case for retirees - you may wind up with a fair amount only invested in cash / money market / short-term fixed income, but this is absolutely fine! The important thing is that your risk-taking portfolio, whatever size it may be, is well diversified and balanced to macroeconomic drivers.
