Questions about cash

Question:

I am wondering about the cash portion of your portfolio. Do you keep it in a Canadian dollar cash account or in an American dollar account? Does it matter which? Also is this the money that you access to live on?

Monday Morning Millionaire Program Answer:

The complete answer to your question needs to touch on 1.) foreign exchange, 2.) asset allocation and 3.) rate of withdrawal from a portfolio in retirement.

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Dr. Milan Somborac

The Monday Morning Millionaire Program supports do-it-yourself (DIY) investors which I have been for over 50 years. About my team and me