25 Nov '11, 9pm

Understanding investment strategies

In the third of a four-part series on financial planning for different life stages, we turn our attention to investment for working adults. Investment is a critical component of personal financial planning. It requires you to postpone current consumption and invest savings in investment instruments to grow your wealth. Through investments, you are accumulating the necessary financial resources to finance your future goals such as purchasing assets (car or house) or financing your children's education. Furthermore, with increased life expectancies, the average person is expected to spend close to 20 years of his life in retirement. This implies that you will need substantial savings to support a comfortable retirement. It is, therefore, crucial that you start saving early and regularly, and investing these savings while you are gainfully employed. Investment strategies for ...

Full article: http://www.todayonline.com/Commentary/EDC111126-0000024/U...

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