If we are above 60, we should stop looking for investments which gives one percent more or less then the market.
Our primary aim should be simplicity, safety, easy liquidity, zero lock-in, online and no requirement to visit any office.
we are not at 25, when the effect of compounding makes a difference of alpha of 1% over 15/20 years horizon.
Do not invest, if you need help of children to redeem or updating anything.
Make life simpler and keep just 3 to 4 funds. One debt fund is sufficient. People are having as many as 26 funds. On the other hand about 9% are having just one fund.
Conclusion:-
Consolidate your holdings after 60.
Keep one house for your selves, liquidate others, if you are getting pension.
Consolidate all funds in not more than five funds and in not more than 3 fund houses.
Keep life simple, play golf, go for Sunday Tambola with your spouse.
Make Profit using our bank nifty option tips on a daily basis.
Other Side of the Coin
60 is not the age, where a person stop the investment. Even banks give loans up to the age of 70 yrs. Considering that marriages are happening in India around the 28-32 age bracket, one must continue to invest and take the benefits even beyond the age of 60. Majority of veterans, Doctors, bureaucrats even work till 65 yrs of age. Hence, those who are in the age bracket of 55-60 must continue to invest, though moderately.
Conclusion
Crux is that simplify your investments where you donot have to take the help of any individual or children to understand your investments beyond a particular age.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
