[UK-AL]

Because some people value retiring a few years earlier over having biggist house or best car.

It also allows you build up capital to say start a business or take some years out.

[Uroboric]

I'm not sure if my original post just wasn't clear enough or something. Retirement is great, my point was about non-retirement money.

Building capital for a business is exactly the kind of medium-term goal I was referring to, where you wouldn't want it getting spoiled by a market crash at the wrong time.

[UK-AL]

Normally you mix with bonds to get the level of risk you want