I have a fren who is watching the stock market excitement. She asked me if I wanted to invest my savings in the stock market after the National Day.

I said, you must never buy stocks in your situation, especially since this money is your retirement fund and you are already over 50 and retired. What you need now is not an opportunity to make money, but to keep yourself out of risk. Think about it, if you make money in the stock market, it's just a bonus for you, but if you lose, is there any way for you to make the lost money back? She shook her head and said no, the loss is a real loss, except for the nearly twenty thousand retirement salary, there is no other way to make it up. I said, in any case, you are not suitable for buying.

We cannot simply say whether a person should or should not buy stocks. It should be determined based on each person's comprehensive situation. If we both buy one million worth of stocks, the risk I can bear is definitely much greater than hers. Just because I can buy doesn't mean she can buy, because I have multiple sources of income to recover this money. Especially when she reaches middle age and retires, financial stability is the priority, not making money.

I have several middle-aged frens around me who dared to take risks and strive for success when they were young, earning money wherever they went. However, they all stumbled around the age of 45. The financial planning in youth is completely different from that in middle age. After the age of 45, some money at home is special funds that cannot be touched, and some risks cannot be taken. In youth, you can be undivided, but in middle age, if you don't divide, you will never have a chance to turn over once you fail.

I have two fren who invested all their assets in the stock market in 2015. The fifty-year-old fren once told me in 2015 that he achieved a nine-figure financial freedom in his account, but now he has not recovered the investment. The sixty-year-old fren, whose fortune has decreased from 40 million ten years ago to 4 million now, has been pulled back to twenty years ago in his entire life.

But the spiritual failures and setbacks in between are painful and sad, which must be greater than the loss of money. When you reach a certain age, avoiding risks in terms of financial intelligence is the top priority. If you have no risk, your house, car, and money are still in your hands. If you embrace risks, these houses, cars, and money may not belong to you anymore. Then you have to spend ten or twenty years to earn them back, and the possibility becomes smaller and smaller.

If you have a lot of things at present, remember to stabilize everything.