Um, perhaps you could compromise? This would be more to keep peace in the house than anything, but diversification is generally a good idea anyhow.The justification for the compromise might be if you could find the doomsayers' track records. If they've been consistently wrong, that might do some persuading.That being said, you want to acknowledge the risks of doing more than hiding money under the mattress. One example I like is Eaton's which was Canada's premier department store. It was family owned, but because the latest generations of the family preferred to use their dividends to play polo rather than to keep the stores up to date, they went into receivership (which is pseudo-bankruptcy in Canada).The cure was to take the company public, and shares in the IPO went for maybe $25 about two years ago. Shares are now $0.56, but stockholders will in fact get $0.00 out of the second bankruptcy deal.While you're thinking about what you want to do, the index funds still look pretty decent.
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