Yesterday I had an opportunity to talk to a CEO of a wealth management company. She manages millionaires’ wealth and I assume her company must be doing well because she was traveling first class.
Since I had an opportunity to talk to her, I asked her if she can give some quick free advice on where to invest money in these tough economic times.
Her reply was
- Stay and invest in the stock market if you have more than 8 years to retires
- Invest in bonds if you want to retire in less than 8 years
- Pay off your mortgage it is a sure way to make 4% or more (i.e. you won’t have to pay interest on your mortgage).
- Look into real estate for investing, though it might see some more downward pressure in near future.
What do you think?