Stocks to Sharpen Your Mind During Retirement
•By Mahersaham Team
Artikel ini juga tersedia dalam Bahasa Melayu
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There was an aunty who came all the way from Sri Gombak to Melaka just to learn about stocks. Usually with older clients I''d address them as ''kak'' or ''puan'', depending on how they introduce themselves.
But this particular client insisted I call her ''makcik'' (aunty). She was already 70 years old.
Previously, she had been involved in a scam or an ''investment'' product that seemed legitimate but hadn''t produced any results.
Getting back to the topic, stocks are indeed risky, and conventionally speaking, they may not be suitable for retirement. However, in today''s world, relying solely on retirement funds like EPF is often simply not enough.
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Retirees typically have substantial capital. The key is knowing the right techniques, and at the same time ensuring that capital is placed in a safe portfolio.
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Sometimes you can earn extra through IPOs. Sometimes you receive income in the form of dividends. At the very least, your monthly expenses wouldn''t come directly from your EPF savings. If the original capital can be grown, your EPF funds will last longer, and hopefully that can support you throughout retirement.
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In the past, when clients wanted personal coaching -- especially the older generation -- I''d hesitate a bit. Because at that time, I personally relied heavily on laptops or PCs. Even in my Supertrader classes, the setup required students to bring their laptops.
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Nowadays, I''ve built a Telegram bot. Just a phone is enough. It''s become much easier to teach the older generation and people who don''t use laptops or PCs.
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This is actually a common trend. When they were younger, they worked in their area of expertise and had no time for business.
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Once retired, with capital in hand and the hope that it will last, many look for ways to make it grow. One option they might consider is starting a business, hoping the capital won''t shrink and that they''ll earn monthly returns.
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Running a business is not easy, and like anything else, it requires continuous trial and error. Not to mention dealing with all sorts of people and their different personalities.
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At the end of the day, if you want to play it safe and avoid extra risk, don''t get involved in any business, and don''t venture into stocks or other investments either. Perhaps your retirement savings are already sufficient.
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However, if you feel brave enough to allocate a portion of your capital to learn and invest in stocks, are willing to face the risks, and think that stocks could be a meaningful way to fill your free time rather than doing nothing, you can open a CDS account with me and I''ll guide you on proper stock selection.
Yes, stock investing can be a beneficial activity for retirees as it sharpens the mind, provides supplementary income, and can be done from home using just a smartphone.
You can start investing in stocks with capital as low as a few hundred ringgit. Opening a CDS account costs only RM10, and you can buy stocks according to your own financial capacity.
The main risks include capital loss if stock prices fall. Therefore, retirees are advised to only use surplus funds that are not needed for daily expenses, and to learn the basics of investing first.
Not necessarily. Nowadays, you only need a smartphone to buy and sell stocks. Modern trading platforms are designed to be user-friendly and easy to navigate even for beginners.
Stock investing is not just for the young. Retirees can also make use of their free time to generate supplementary income through the stock market.
Open your CDS account today through our step-by-step guide here to start investing in the stock market.
Download our free stock basics ebook to learn the fundamentals of stock investing from scratch.