On July 6, 2020, from L. B. …..Newfoundland
Monday Morning Millionaire Program Answer:
A 40/60, market/cash or near cash asset allocation puts a slightly greater importance on safety than on growth potential. It is good for retired people and conservative investors.
A 2% return on a security designed to preserve capital is good. It might be worth your while to shop around for better terms and returns, however.
As an interesting aside, writing in his book The Battle for Investment Survival, Gerald Loeb says that knowledgeable savers would gladly pay a fee to any bank which would guarantee the preservation of the purchasing power of our savings if they felt that there was any hope of the bank staying solvent.
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