In old age we have to consolidate our investments
During our active service life we make our career to the best of our abilities and earn money and then go for various investment schemes to save that money for our retired life. There are a variety of investment opportunities ranging from simple bank account to complicated stock market investment.When we are young we can take care of everything and monitor and manage our financial investments but when we grow older then it becomes difficult to manage those things and it makes sense to reduce our financial activities by consolidating our involvements in these schemes. For example we can close the unused bank accounts, decrease our investments, if any, in stocks, avoid very long term schemes, do not go for additional insurances, sell our profit making mutual funds or stocks and keep the proceeds in bank account, do not fall for high return promising schemes as that may not happen in reality, remain invested in Govt securities etc.
By consolidating our investments, we can have a peaceful time in our old age. Do you agree? Share your views.