We are all in different stages in our journeys of life. Some are married, with kids, single or just starting out. Host Andrew Baxter says investing in accordance with your stage of life is just like buying a car – there are times when you need to change what you drive to match where the road you’re driving on. After spending over 29 years as a professional investor, Andrewtells the story of a conversation he had with a prospective client which contradicts all of the above philosophy. As a 62-year-old nearing retirement and what would be classified as a ‘low risk investor’, he couldn’t believe some of the volatile speculative shares she held in her portfolio, recommended by an advisor.

In a situation where this unassuming lady was receiving mixed messages from a range of sources, Andrew took her to the investment caryard to ensure she was sitting in the right seat. The key – understand where you are in life so that you can driving (investing) in the right car (asset).

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