[vsareto]

It's not really though. That amount of risk aversion would keep people out of the market who would be better served by keeping it in a lazy portfolio for extended amounts of time.

[bena]

So, it's not money they're counting on. If they lose it, it won't collapse their life.

There's a difference between "would like to not lose" and "can't lose". I would like to not lose my investments. I can't lose rent.