In this blog, we look at investing in one company as opposed to diversifying your portfolio by spreading your investment over a number of companies.
Following on from Part I, let’s look at some of the other major risks when planning for retirement.
Let’s assume for a moment you are aged 55 and meeting with a financial adviser for the first time.
You plan to retire in ten years and you estimate you will live to the age of 85 so the adviser gives you two options to invest your retirement savings.
We spend a lot of time thinking about what can impact someone’s retirement.
Most people are focused on the risks associated with the market crashing, or Brexit, or Trump getting elected… or any other number of factors well outside of their control.
In reality the biggest risks lie in whether you have a plan, and whether you stick to it.
These are some of the main dangers that can stop you having the retirement you want.
“Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” – Peter Lynch
Dallas Davison, Michael Hogue and Ali Hogue.
Money Over 50 Financial Advisers
Tel 07 4772 0938
45 Ingham Road West End Townsville Qld 4810
Money Over 50 Financial Advisers Pty Ltd ABN 26 146 225 505, 45 Ingham Road, West End Queensland 4810 is the holder of an ASIC Australian Financial Services Licence (AFSL) #471826.
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