Don't close yourself to new ideas and choose your investments judiciously
Ram, 55, connected with me to cross-check his investment strategy: to exit all equity investments, wait for the markets to fall and then reinvest. Obviously, I told him that no one can time the markets and asked him why he wanted to do so. Ram said he was trying to protect his wealth as he was going to retire in three-four years. He has two children, aged 23 and 18, and is the family’s primary income earner. He has a house which he resides in and another from which he receives rent. He invests in Employees’ Provident Fund (EPF), fixed deposits (FDs) and stocks.
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