Don't Invest Based on Age
Instead, financial goals should decide risk appetite
- Sep 1, 2020,
- Updated Sep 3, 2020 3:37 PM IST
Investment is a process of allocating money to assets for creating wealth and achieving financial security. There are several investment options. Each comes with ample risk. Selection is largely based on the investor's risk appetite. Also, traditional belief is that age determines an investor's risk-taking capability. Is that true? Should we manage our portfolio based on age?
Investment is a process of allocating money to assets for creating wealth and achieving financial security. There are several investment options. Each comes with ample risk. Selection is largely based on the investor's risk appetite. Also, traditional belief is that age determines an investor's risk-taking capability. Is that true? Should we manage our portfolio based on age?