These days, though, getting at least some return from a stock investment has an undeniable appeal.
"You didn't bring me down here to talk about our stock investments."
They say he enlisted three people to handle the stock investments.
Take any reasonably long-term period, and stock investments do just fine.
Hence, the trend toward stock investment is expected to continue.
Deciding on individual stock investments is the guardian's role, he said.
On top of that was nearly $4 billion in special stock investment trust funds.
"They were in for the long term, and nothing would be likely to make them sell their stock investments."
So the rate of return on stock investments made now will probably be much lower than the returns people got in the past.
And remember, don't touch the interest on your stock investments.