February 2, 2007, Newsletter Issue #32: Risky Business: Investing for Retirement

Tip of the Week

The older you are, the more likely you will take lower risks. When it comes to retirement investing, the younger you are the more you will risk. This is why it is important to begin building your portfolio while you are young. It is widely believed that the higher the risk, the higher the reward- another reason why younger people tend to take more risks. If you begin investing for retirement at an older age, you will be more “risk averse”. Younger investors tend to choose investments such as real estate, options, futures, and collectibles (high risk investments); older investors look for low risk investments such as government bonds, CDs, and bank accounts. However, you can still build a large nest egg, even with investments later in life. You should consult with an investment planner for advice on investing and for help with your retirement portfolio management.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Not finding the advice and tips you need on this Retirement Planning Tip Site? Request a Tip Now!

Guru Spotlight
Jolyn Wells-Moran