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 Dilemma"?

• How is Louise's situation similar to the "Multi-Millionaire's Dilemma"?

• What reasons might she have for investing more conservatively with GICs?

• What reasons might she have for staying invested in equities?

• How can understanding the odds of losing money and the potential for growth help her decide?

• What are the odds that her investments will be worth less at the end of her life?

• How much could they be down in a worst-case scenario?

• How much less is she likely to earn by switching from equities to GICs?

• How can she simplify her investments if she stays in equities?