people should plan thier investment based on their age, if you are 45, that means you have shorter time frame if you want to retire in 60 yrs old.... with a shorter frame, people shouldnt take riskier investment... i mean people with older age should tend to have consistent passive cash inflow...such as high dividend stock or rent out your property to receive consistent rental etc....suppose to be lower risk investment .....but all of that are theoritically... most important thing is to have the knowledge, discipline and experience to try to best to avoid mistake and investment scam....

i like ur analysis