Many/most(?) retirees are in the asset protection mode.
Those younger or without immediate need for the money can be in the asset recovery mode. And those with no concerns can certainly benefit from the built in growth mode in the current pricing.
There are way to many sensible fixed income or other guaranteed fund investments to keep money in a shoe box (keeping cash). While investing includes ups and downs, the long term ALWAYS (historically) pays back.
Cash is a guaranteed loser!!!!! Comfort is a relative notion.....I suppose one could have so much cash they don't care.....really(?).
BTK
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