As someone who wishes to begin saving for retirement, what is your investment strategy? (In what...

As someone who wishes to begin saving for retirement, what is your investment strategy? (In what types of investments would you be looking to place your hard earned money? Again, please be specific)

Expert Solution

Being a person who believes to work hard for the money and plan to live his life with those hard earned saved money after the retirement and that person will save his part of income in the investment where he will surely get the income as interest over the investments made. He should opt the plans of savings form the bank vis opening fixed deposits accounts which generally provide the interest rate higher than the another accounts and which will easily provide him up to 10% interest every year on the deposited amount and this is the most secured investment because their is no market risk involved in this investment and other secured investment options the person is will to save his hard earned money for after retirement life, he can choose to save by purchasing gold or purchase a property if he has enough money to buy because property investment is not risky because it provide huge returns on the re-sale otherwise fixed deposits and gold buying is the best option for saving hard earned money.

jeff jeffy answered 1 month ago

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