Asked by John
Your parents are retired and have expressed concern about the really low interest rates
they’re earning on their savings. They’ve been approached by an advisor who says he
has a “sure-fire” way to get them higher returns. What would you tell your parents about
the low-interest-rate environment, and how would you advise them to view the advisor’s
new prospective investments?
they’re earning on their savings. They’ve been approached by an advisor who says he
has a “sure-fire” way to get them higher returns. What would you tell your parents about
the low-interest-rate environment, and how would you advise them to view the advisor’s
new prospective investments?
Answers
Answered by
Ms. Sue
Tell your parents -- No way!
Nobody can guarantee a "sure-fire" way to get higher returns. The higher the supposed profits, the higher the risk. At their age, your parents can't afford to take risks.
Nobody can guarantee a "sure-fire" way to get higher returns. The higher the supposed profits, the higher the risk. At their age, your parents can't afford to take risks.
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