Talk of The Villages Florida - View Single Post - The Economic Downturn
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Old 11-18-2008, 03:12 PM
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Muncle Muncle is offline
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Default Stock Market

Where the individual controls where his money invested, I would think the vast majority of Villagers would be relatively light in the market, especially individual stocks. Now is the time in our lives when we should not be gambling. Most of our investments should be in relatively safe securities.

This, of course, does not count the paper losses so many of us have in our older homes. The place we paid $50,000 for in the '70s that was selling for $1.2 Mil in 2004 is now worth $775,000. That's not a loss of $425,000. It's still a profit of $725,000. (unless you already took the money by refinancing)
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And it's Munc"L"e, not Munc"I"e