Continuing the previous article entitled Suitable Investment for Productive-Age-Group. This time, we will discuss about investment instruments that are suitable for investors who are senior citizen.
Investment for Senior Citizen
Old age group, namely 65 years and over. Time to retire. The objective of investing is no longer to accumulate wealth, but more to return on investment to survive when the body is no longer able to work.
• Choose low-risk investments
Investments that should be looked at at this age range are those with low risk, but still bring you coffers of money.
Call it gold investment, deposits, and bonds. With an interest rate of 4-7 percent per year, it can be used to meet the needs of old age.
If you still have an income or salary every month, be disciplined in setting aside money. The investment budget allocation can be increased from 20 percent to 30 percent every month, for example.
• Buy assets to be a business opportunity
Get a pension money from the company? You can use it to buy assets, such as land, houses, apartments, or cars.
Then the asset is leased into a rental or boarding house. Whereas cars are hired for online taxis, or other opportunities.
That way, you can still get income from leasing these assets. Retirement age doesn’t have to work hard anymore. Just enjoy life with your children and grandchildren, money continues to flow into the account.
Read now: Retirement Saving Tips From Warren Buffett
