Investing for Success: A Guide to Life Stage Investment Strategies

Life Stages and Investments

All of us are used to a particular lifestyle. Interestingly, this changes as you go through the various stages of life. For instance, a bachelor may not think twice of spending on dining out frequently in the company of friends or splurging on the purchase of technical gizmos that will entertain. A just married person, on the other hand, will have more immediate concerns such as buying a home on easy monthly instalments. Further on, as a parent, your concerns would revolve around the education of your children and their upbringing. And as you approach retirement, the priority would be to build a corpus of funds huge enough to support you and your family even without a regular income. All this brings the factor of investments into play.