|
Age is a strong consideration in investment
decision. Notice how conservatism comes with age. With age, comes the
awareness that a serious investment error could jeopardize the security that
has taken years to accumulate. The closer the retirement, the fewer the
years to rebuild.
Investment risk is quite different from gambling. Weighing risk based on
facts is investing. Taking chances based on odds is gambling. The point is,
age is an important factor in deciding risk.
Another strong consideration is responsibilities. A young individual
beginning a career with the additional responsibility of one or more
children must weigh these responsibilities. The most protection for the
fewest ringgit should supercede any forced savings that would reduce family
protection.
Financial needs change. How they are met should depend on our
responsibility.
|
|
|
