WEALTH CARE
Living off your windfall, Saving up for a place of your own
- Published: 28 Jan 2013 at 00.00
- Newspaper section: Business
I want to seek your advice for a 50-year-old man who has no constant revenue but also no debt, and has 5 million baht in cash. My question is how to manage that cash for a return that can cover the cost of living until 70. I have been thinking about investing in a shophouse and renting it out for a return of around 10,000 baht a month. Is this a good idea?
_ Supa
ANSWER BY... Teera Phutrakul, CFP, Chairman, TFPA Return on Investment (ROI) is often the guiding principle for many young investors with longer investment horizons, because usually the higher the ROI, the better. But when you are older, you are probably more inclined toward a different kind of ROI _ Reliability of Income. In other words, you are willing to accept a lower return for peace of mind.
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