As we are nearing our 50s, friends told us to start taking stock of our investments. A friend suggested to us to take as much loans as possible because in another few years, it will be hard for us to do so.
Another told us to buy gold coins and keep them for investment as it is the best choice.
Yet another old told us to keep some money in fixed deposit because it is much needed as we have children who are college going and we never know when a big bill may come along.
So, we eventually decided to spread out the risks and the investments. However it is a headache juggling all the numbers and deadlines.