Higher returns don’t matter for the short term: They need time to work their magic. There’s more than one reason behind the old investment message that goes like this: If you need your money in just a few years invest your savings conservatively, but if you have a longer horizon take more risk.
Q&As: Where to from here for 56-year-old rental property owner?; Should rich people be writing this column?
Q&As: Couple “retiring” in their 30s wonder how to invest their savings; 94-year-old share trader doing just fine; How to run a caravan rental business.
How to cope with the topsy turvy share market. The value of worldwide shares in a certain industry grew more than 52 per cent in the year ending last October. Why didn’t we hear more about it? A clue might lie in the fact that the industry was information technology — infamous for its volatility.
Q&As: Man with many rental properties does it the right way; Why do economists bother to make foreign exchange forecasts that are often wrong?
Q&As: You can make money by leasing out caravans; Economist confesses how bad all foreign exchange forecasts are.