Retirement Planning
Retirement planning involves establishing an investment plan that will allow you to retire at your own time on your own terms with a high degree of confidence that you will never outlive your savings. Some of us will receive large inheritances and some of us will win the lottery but most of us will need to invest our savings wisely to ensure that we can retire comfortably.
There is only one truly reliable way to create wealth over the long term. Set up a systematic investment plan using broadly diversified, conservatively managed mutual funds and use a pre-authorized chequing (PAC) plan to invest a fixed amount each month through all market conditions.
Speculation - If your investment objectives are creating a nest egg for retirement, then speculation must be avoided at all cost. The result is always the same - short-term gain, long-term pain.
Look into an example of a long-term systematic investment plan.
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