Phases of Financial Life
Plan for a Happy Life
During your meeting, your personal banker will help you establish the phase of life you are in and adjust your investment portfolio accordingly.
Early Adulthood
- You strive for financial independence
- You are just learning how to manage money
- Long-term investments are likely to bring you potentially higher profits
Raising a Family
- Your income is growing but so are your expenses
- You need a greater sum to cover urgent expenditures
- It is worthwhile to start saving for retirement
Career Peak
- You have gained sufficient experience and funds
- Now is the time to become more active in investing
- It is desirable to transform as much of your earnings as possible into investment capital
Retirement
- You must protect your capital from losses
- Your expenses may increase, for example for medical care
- You can continue developing your assets
