Capital Preservation
Capital preservation means holding on to what you have and not losing it. Michael is a retired investor committed to preserving his capital.
Michael: I’ve never known much about the whole subject of investing. All I’ve ever done is work, take care of my family, and put a little money away. I’m 78 now. There are different things that are important to me at this stage of my life. The one thing I know for sure is that if I lose this money, I can’t replace it. I’ve worked hard for what I have. I’m not as concerned with inflation or trying to make more money the way a lot of other people are. If I had to do with less, I would. I would rather know my money is safe. I have to admit that this strategy has resulted in a very low ...
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