Implication for Investors (investing area) If you are older,the average remaining life of the investment is relatively short,and there is a larger probability that an investment in the risky security will result in a loss This is not serious if you have substantial assets,in which case you can afford to take the risk,and enjoy higher expected returns THE COURSE OF FINANCE 2017 SPRING SJTUImplication for Investors (investing area)  If you are older, the average remaining life of the investment is relatively short, and there is a larger probability that an investment in the risky security will result in a loss  This is not serious if you have substantial assets, in which case you can afford to take the risk, and enjoy higher expected returns THE COURSE OF FINANCE 2017 SPRING SJTU 7