Conservative? Aggressive? What’s the right mix?
We often hear these words. In life and in investments. What do they mean? Especially when it comes to planning our money and our life, what is the right approach? Is it one or the other or a mix of both always? How is renewment connected with all this?
Chennai
sreeadvisory@gmail.com
The best thing about being young is that you have time on your side. You can take risks. So at the beginning of your retirement corpus accumulation, feel confident about going for an aggressive investment plan. You have time on your side and equities need time to deliver returns. So you can afford to wait and wait out the inevitable market volatility. When your goal is nearing, you can adopt a more conservative investment strategy. The important thing is to plan your renewment – what you want to do and what your purpose is. And that means, you would do well to assess your plans and life decisions every once in a while.