Investing for a retiree

1. A retiree, with just enough savings for future needs, asked for my views about investing in a private studio apartment costing $800,000.

REPLY:

Do not spend too much money on a property. Try to find a cheaper one, or rent.

Read these FAQs

http://tankinlian.com/admin/file.aspx?id=451

http://tankinlian.com/admin/file.aspx?id=124

2. She then asked about investing in gold.

REPLY

Don't invest in gold. It is highly priced. There are people going around with gold investment scams.

Read this FAQ
http://tankinlian.com/admin/file.aspx?id=186

3. It is important for consumers to be educated about financial matters. They should not ask friends for advice, as they may get the wrong advice. Read this FAQ:

http://tankinlian.com/admin/file.aspx?id=444