Investment
I’m a huge fan and you have been a major help to me and my family over the years. I am now 71 years old, divorced and own a small family business. I have been able to put aside $20,000.00 (not exactly chicken money because I certainly don’t want to lose it) but I do have a sizeable amount of equity in my property and about another $20,000 on hand in a money market that I certainly need to move to a better return. All of my personal and business bills are being handled pretty easily. Pension benefits from my ex pay for all my personal expenses from mortgage, car, utilities, etc…With all of the uncertainty in the economy now, what’s my best option for some growth without seriously endangering it? Everything seems to be so up in the air with the economy but I feel like I’m frozen in place to not make a mistake.
Terry Says
You’re 71 years old. Property is not liquid. I’d still call this “chicken money”. Read this:
https://www.terrysavage.com/t-bills-beat-cds-2/