You’ve heard this investment advice before: buy undervalued stocks, purchase STI ETF regularly. Tada! After 20 years, you will have enough money for your retirement. This story, if you ever believed, is more fantasy than reality.
The truth is, successful investment is challenging, especially when it is associated with your retirement. This is because we are all human beings, and we always make emotional decisions without a rational analysis.
Take the recent stock market volatility as an example, it had a roller coaster ride, how many of you stay invested without feeling the chill at the back?
With a decade of wealth management experiences, I summarize the 3 inner challenges that you must face when investing for retirement. If you can overcome these 3 “In”s, you have won half of the battle.
Inaction
The old adage “a journey of a thousand miles begins with a single step” certainly ......