I am 72 years old. Due to life’s difficult circumstances I used up all my life’s savings bar one last investment. Now I must figure out how to make the most of it.
It takes great courage to ask these questions and begin to create an investment strategy, particularly considering life’s circumstances. I will offer a few thoughts and highlight some areas that you should be aware of before making a final decision. A high risk investment is likely to offer up to 7% above inflation but could also lose value over shorter periods. While this return of about 12% seems very attractive, these types of investments can have drawdowns of as much as 30% in any one year and take several years to recover. These projections are based on long-term data and hold true in most parts of the world.
You will need a professional person to guide you through this journey. I do strongly recommend that you consult with an independent Certified Financial Planner practitioner and stress the importance of only dealing with a reputable life assurance company.I have two children living in countries on other continents and when one renewed his SA passport it was renewed timeously and without question.
Source: News Formal (newsformal.com)
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