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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 445.60-10.1%Jan 30 4:00 PM EST

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To: abuelita who wrote (38006)12/6/2008 4:45:17 PM
From: elmatador  Read Replies (2) of 219929
 
What this man did wrong. Retired and instead of make an interim arrangement, see how things would develop in his new life as a retiree, he bought a 5 bed room house.

Why he and his wife needed a 5-bedroom house for? I think he wants to store money and let that money stored in the house grow.

He goes work for the philatelic hobby instead of working with something that was more than occupying his free time, which in a downturn or if things got wrong, he could sell that skill in the market.
Then as wife dies, he made a second mistake and bought a seond house. Now he is movign to an apartment.

Had he, bid his time moving to the apartment with his wife as he retired, and then keep cash and diversify, he would be in a better position today. Now he is going to the aprtment AFTER have lost everything.

businessweek.com
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