My Dad and I had a very brief conversation about
investing today (I never bring it up.... a more touchy
subject than religion and politics in his house).
His main sources of income are his and my mother's SS
and his pension. All of his investments are CDs.
I think he is getting 2.5% or so. Says he can't go out further since he "may not be here next year".
Most of his money is sitting in his checking account
drawing -0-. He is happy that he has all that
money in checking. The really amazing thing is that
so many younger (and presumably smarter) people
do some equally weird stuff with their money. A lot
of this stuff is pretty basic, like...............if you have 100k
sitting in checking and you can get 2.5% in a MM, you
are losing $2500 per year. It's just like burning money in your yard really, unless you think the bank can
make better use of it