Disclaimer: I am not a financial advisor. The advice given below is not a financial advice even though my excitement might make it look like such. In fact, what follows below are just my thoughts, those of an ordinary person who works hard, and tries to save and invest as sensibly as he can.
I received a call from a 59-year old gentleman, a distant relative, yesterday. We have not met in the past two decades, so the sudden call was surprising. But not after the first minute of our talk when he asked, “I’ve heard from your aunt that you work in the stock market. I wanted to discuss my investments. Can you please help?”
“Hmmm…sure,” I said, “almost sensing that he wanted to discuss his stock portfolio with me.”
But he started talking about his upcoming retirement – planned for 2019 – and about a plot of land sitting in his hometown waiting to build his retirement home next year.
He said he had been saving and investing as much money as he could for his retirement and for building this home.