There is a new description for people in their 40s: the sandwich generation.

The term “sandwich” refers to the generation caught in between the financial demands of raising a family and supporting their ageing parents.

However, this negative stereotype fails to capture the true essence of what it means to be in your 40s: you’re in the prime of your life!

Unlike those in their 20s who have just started their careers, those in their 40s should be well-established at work and hold fairly senior positions.

With more than a decade of work experience under your belt, you are likely to have built up sufficient savings and a large investment fund compared to those in the 30s.

At this juncture of your life, your focus should be more balanced between protecting your wealth and growing your funds.

To achieve that, your investment portfolio should have a mix of stocks with both growth and income characteristics.