Debunking Investment Myths
Many people go about investing in sporadic fashion, without considering their goals, time horizon or risk tolerance. Once this happens, it is easy to fall prey to myths that are perpetrated by the ignorant and foolish. The result is bad investment decisions that can leave an investor jaded.
Here a few myths that need to be put to rest:
I am too young to plan for retirement
“I’m too young to be thinking about retirement,” is the saying of many young people. However, you should start your retirement planning from the day you receive your very first paycheck. While many of us don’t start the planning process at this time, it’s never really too late to get going. Unless of course you wait until the day you plan to retire. Retirement is one of the most important life events many of us will ever experience. From both a personal and financial perspective, realizing a comfortable retirement is an incredibly extensive process that takes sensible planning and years of discipline. Even when it is reached, managing your retirement is an ongoing responsibility that carries well into your golden years. UTC’s Universal Retirement Fund (URF) or the Individual Retirement Unit Account (IRUA) are ideal vehicles to consider as part of your retirement planning. They can provide the keys to dealing effectively with the prospect of retirement and old age by allowing an investor to maintain an investment portfolio that provides financial options in the golden years. Read More