Retirement mix
Much of my retirement money is in mutual index funds and one Equity stock. They have done very well but I’ve been told that my risk factor is at over 90% and I should diversify. I recently received an inheritance but I don’t want to put it in one of these money market funds that pay less than 1% what is a safe investment that will pay a decent return?
Terry Says
Ha! You’re talking about the greatest personal finance question today. I don’t know how old you are, but if you’re retired, or close, it’s time to diversify your retirement money — AND keep your inheritance safe. The Fed is pushing rates down — a true insult to savers like you (and me)! BUT just think how you’d feel if the market crashed and you lost 30% of your money in days! That’s why you suffer with only less than1% interest on your “chicken money” — the money that lets you sleep at night.
Remember the mantra of the chicken money investor: “I’m not so concerned about the return ON my money, as I am about the return OF my money!”
