When it comes to seniors making investment decisions, there are a lot of reasons to exercise caution. The Securities and Exchange Commission has warned that seniors are often the target of fraud. To help combat this, experts suggest you should be skeptical about those offering guaranteed returns, investments sounding too good to be true, and high-pressure sales tactics.
One of the many available options is putting money into such traditional safe havens as gold. Expanding that line of thought, savvy investors should also consider diamonds, “Seniors are concerned about putting all their money into paper investments and electronic blips. Investments on paper or a computer they can’t see and touch,” explains Sean Cohen, president of Van Zwam, the developer of Defined Value Diamonds (DVDs).