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 ...

Get Practical Lessons for Your Financial Life (Collection) now with the O’Reilly learning platform.

O’Reilly members experience live online training, plus books, videos, and digital content from nearly 200 publishers.