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The Multi-Millionaire's Dilemma: Should an 84-Year-Old Stay Invested in Stocks?
Louise (not her real name) has far more money than she is ever likely to spend. She has always invested in equities and is comfortable with them. However, now at age 84, she is wondering whether she should invest more conservatively.
This is a case study about the "Multi-Millionaire's Dilemma."
Louise says:
"Many of my women friends have the same concern: Is my asset allocation suitable for me? Specifically, what proportion should I invest in GICs versus broad-market index ETFs? Tax efficiency is also a concern."
In my latest podcast episode you will learn:
What is the "Multi-Millionaire's…
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