Today I read a wonderful article (link below) about nuns in Italy that manage their investments. You see with the low rates, they had to take a riskier approach in order to earn a higher return. They didn't have the experience as investors but they also didn't have a choice to sit back on their heels hoping (or praying) something (or someone) would rescue them.
All I could think was, "Yay sisters!" Heck, we all need to have the gumption to do what needs to be done when it comes to investing. We need to take it slow, educate ourselves but keep our feet firmly planted in the waters. We all need to be some sort of investor if we are ever going to be able to retire. Unless, of course, we have eons of money that can earn a paltry 1-2% and pay our bills.
Get Thee to a Brokerage! Low Rates Turn Nuns Into Traders
(hoping this opens up without needing a subscription...)
Happy reading!
Pru
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Positive comments are always welcome. Negative comments will be deleted. Selling something - ain't gonna happen. I'm not a financial adviser and you're probably not either. Careful what you recommend.