Woah, not even any mutual or index funds. Just relying on pensions for retirement.

Surprised that he wouldn’t have some sort of personal investments. Keeping everything in cash/CDs isn’t a great personal finance strategy.

Maybe it’s an integrity thing? Maybe he felt like having a financial interest in different companies might bias him in an unethical way?

I feel like Index funds kinda removes that aspect.

Index funds are often heavily weighted to certain companies though.