No new investment for retirees
May 2, 2024
Investment does not equal wealth. In fact, investing is just an action to put money into something, with the hope of generating return in the future.
(Note: For those selling or marketing investment opportunities, this blog post is not for you.)
Retirees can’t afford to lose a single dollar
After his retirement, a famous Hong Kong disc jockey changed path to be an investment guru. He has financial freedom at the age of 55. His new life purpose is to share with fellow retirees how to manage their money.
There is a message he keeps repeating in his books and youtube channel: Don’t invest in anything new when you are about to retire or after you have retired. After the age of 50, you cannot afford to lose a single dollar. Because for every dollar you lose, you have one less dollar for retirement.
I can’t agree with him more.
When approaching retirement, your number one priority is to protect your money and safeguard your wealth. Leave your money in the safest place.
Investment is not a must. It is perfectly fine if you don’t invest. Retired or not, we can all afford not to invest. Even savvy investors don’t have to be fully invested all the time... read more