My Mum is turning 60 soon and she had just opened her CDP account.
She has always been a cautious person when it comes to money and it is natural that she has not parted her money in anything beyond fixed deposits and insurance.
She knew that I have always been investing by myself and this year, for the very first time, she asked me to invest for her.
I guessed she has a substantial amount of savings and her CPF minimum sum is pledged, so she had a peace of mind and could afford to take more risk with her excess cash.
There is a danger mixing money and relationship together. Dan Ariely called it “social norms” and “market norms”. I liked his illustration in his book, Predictably Irrational, to explain the difference:
...“Take sex, for instance. We may have it free in the social context, where it is, we hope, warm ...
