Where to Keep Your Money
QUESTION: Mr. Armstrong, I am 82 years old and ask the question which is much on my mind—- Where is the best place to park cash in this very difficult time. Right now almost all of my cash is in money market funds with the returns very low, yet there is still risk of loss. I simply do not know what to do—I am too old to take big losses, not enough time to recover.
ANSWER: Right now stay in cash. We will most likely see a change come May.
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