After the rebalancing, Brophy most likely has more than 80% of his assets in equities, which is almost certainly too much for a working man five years from retirement. Carr, on the other hand, has about 38% of her assets in bonds, which is probably closer to the optimum level for a worker with at least 10 years of experience but who is still about 20 years from retirement. Neither Carr nor Brophy appear to be influenced by anyone else's investment decisions, so neither is exhibiting herding mentality |
