Wall Street investors hope to buy low and sell high to generate a capital gain. They believe investing in a well-diversified portfolio of stocks, bonds, and mutual funds will enable them to retire and live off their nest eggs. Unfortunately, this Strategy is one of the main reasons most people have inadequate funds to ever stop working. Their biggest fear is outliving their money.
According to the Economic Policy Institute, most people approaching retirement have little or no retirement savings.
In addition to gambling on Wall Street, other reasons they have insufficient money is due to the following factors: