Because inflation can erode the purchasing power of your money , place your cash in investment instruments that may give you a yield higher than the average inflation rate. Examples are bonds, bond funds , and other structured products. … and have a substantial investment in stocks. Bear in mind, though, that you don’t have many years left ahead to ride out market fluctuations and there is that risk that you won’t be able to recover from losses in the stock market . …
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Living a financially-free life in your 60s : PinoyMoneyTalk.com …
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