Applying the “three lines of defense” in multi-asset income
Facing volatile markets and lower rates, how can investors seek yield while managing risk?
Planning for retirement may seem overwhelming as you need to navigate a number of factors to achieve your retirement goals. With various factors, what approach can you take to help achieve a successful retirement?
To begin with, focus on what you can control. While you have no control over how financial markets perform, and you don’t have complete control on how long you can live or how early you can retire, you still have control over your retirement savings. You can determine how much you save versus how much you spend. You can also decide how to invest your retirement assets.
Instead of worrying about the uncertainties brought about by factors we cannot control, develop a comprehensive retirement plan and choose an asset allocation strategy that works for you. As your personal circumstances, the financial markets and the economy change over time, you should revisit your plan, and make adjustments accordingly.
Make the most of what you can control, have a plan, get invested early and stay invested to increase the chance of having a successful retirement.
Download Retirement Insights Publication: Principles for a successful retirement – Hong Kong