Losing money!
Iam 68 years old and have lost $ 60,000 already. I have $200,00 left. Should i move some or all or a majority of the money to a cash account with my financial man to protect myself as this is all the money that i have. I am retired and collect social security. My husband’died 3 years ago and i am raising my granddaughter who is 16 and have a son at home that moved back in at 40 as he has a nerve disorder
He gets ss disability but his money goes to drs meds and he helps buy groceries
I am really worried about this. Thanks
Terry Says
OMG. I wish my earlier warnings had reached you in time! Your “investment man” is not very bright or he would never have put you in this position.
Call him now and tell him you want to put 25% in cash in a money market mutual fund — INSIDE YOUR IRA!
Not knowing how you are invested makes this difficult. But if you have bond funds, sell those first to raise cash.
This kind of situation makes smoke come out of my ears! Please send details to me privately by email to Terry@terrysavage.com. Tonight.
