Whether you are retired and living off your assets and / or still accumulate wealth; the world of investing it always seems to come down to RISK vs REWARD. Even if you stuff your money in a sock, you may have little risk of losing your capital, but you have a real risk of purchasing power loss due to inflation. The goal in an investment plan is to pursue your goals with the highest return possible for the risk you are prepared to accept. In order to avoid emotion based buying and selling, which usually costs you money, it is better to have a process and stick to it.
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