Steelart99
Recycles dryer sheets
- Joined
- Apr 24, 2012
- Messages
- 184
So my 74 year old Mom has been reading a variety of financial reports and has become very concerned that she does not hold much in cash. Her investment portfolio is very, very heavy in stocks with little in bonds and only about 2% in her cash account. She is concerned about the Chinese yuan taking over as the world currency and her investments becoming 'worthless'.
I've tried to talk with her about it and her need to discuss her financial holdings with an independent adviser (she will do this). I've also cautioned her about doom and gloom reports especially when associated with some sales pitch. I certainly don't know what to tell her about what the near-term future might hold (broke my darn crystal ball) nor what the outcome of the yuan taking over might be. Any thoughts?
All that said, are 'cash' holdings limited to paper money and PMs? Or, are there other equivalents?
I've tried to talk with her about it and her need to discuss her financial holdings with an independent adviser (she will do this). I've also cautioned her about doom and gloom reports especially when associated with some sales pitch. I certainly don't know what to tell her about what the near-term future might hold (broke my darn crystal ball) nor what the outcome of the yuan taking over might be. Any thoughts?
All that said, are 'cash' holdings limited to paper money and PMs? Or, are there other equivalents?