Money Mentor: Ideal investment for retirees

With a fixed capital and a suitable investment, your capital can keep working for you as it pays you monthly interest.

The best investment for retirees is one that gives you both stable cash flow and decent capital appreciation while managing risk.

This investment is suitable for retirees as it provides interest income in the short term while preserving capital.

Investing in rental properties or Real Estate Investment trusts (a type of mutual fund) can be a great way to diversify your portfolio while preserving capital.

Overall, it is essential to remember that there’s no one-size-fits-all investment strategy for retirees.

You will want to consider your financial goals and risk tolerance before making investment decisions.

You should also seek professional advice to be well-informed on your investment decisions.

A sound financial plan can help you enjoy your retirement to the fullest.

By Wendylizza Kwarteng

The writer is a certified investment adviser at SIMS, with over 7 years of experience in investment and relationship management.