Don’t Invest Like Our Immigrant Grandma

When I was a child, I remember my Abuela hiding cash in sock drawers, secret pockets and cookie jars around her house. She would tell me to remember where everything was hidden in case something happened to her. This makes sense to me now; she escaped Franco’s fascist regime in Spain during the 1940’s only to later escape Castro’s dictatorship in Cuba in the 1960’s. To say that she didn’t trust the government was an understatement.  Growing up with this skeptical attitude didn’t help educate me on how to save or invest in the traditional American banking system. Don’t let your grandma’s old world way of thinking determine your investment style.

Read the full article: