12 August 2010
My Personal Suggestion: -----------------------
Each person should have sufficient liquid balance to be utilized for his old age.
I have seen so many persons who buy house in the age of 65-70 to live leisurely and by the time the house is completed; they go for another journey !
In old age; never invest in Gold, House Property or other fixed assets.
Keep it in liquid form so that one can enjoy his retirement life.
Our "shastra" says that a person should hold at least 1/3rd of his capital in liquid state, all the time. It will fetch decent opportunities where all the interest lost would be covered.
This proved true when we saw recession in US. People were not able to pay instalemnts who possessed good properties.