I noticed that quite a number of elderly folks wanted to put their money to better use. They realised over time, that the miserable interest offered by banks are not keeping up with the general rise in prices. This had been going on for some time after all. Perhaps they heard stories where their friends, or sons or daughters are making a good harvest from investing in the stock markets. Being in a bull market for 6 yrs is a pretty long time for people to think that the good times will last another 6 years. So, the elderly folks are naturally interested because everyone around them are making money but not themselves.


That is all well and good, but it's a little worrying. Usually the elderly folks are pretty conservative. Look at my own parents. They only put money into fixed deposits and perhaps the occasional savings plan offered (Read more...)...