In retirement it's all about preservation of capital. You've already won the race. There's no need to take on additional risk. Here are 8 investments to stay far away from in retirement. That being said, if you absolutely must invest in some of these, make sure it's only a very small percentage of your overall portfolio.
Note: Info from New Retirement.
Hi, my name is Duane. After a career in the music industry, I retired early at 59 in 2021 with just over $500K. Soon thereafter, the stock market (and my investment portfolio) tanked. This is my early retirement journey.
***I AM NOT A LICENSED FINANCIAL ADVISOR OR RETIREMENT PLANNER. THIS CHANNEL IS MEANT TO PROVIDE GENERAL INFORMATION ONLY THAT MAY INTEREST YOU. PLEASE CHECK WITH A PROFESSIONAL BEFORE ACTING ON ANY OF THE OPINIONS STATED ON THIS CHANNEL OR IN THE COMMENT SECTION OF THIS CHANNEL***
If you received some good info from this video, feel free to buy me a coffee!
