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Lessons From a Fortunes Turn in Retirement Investing
A reader recalls a 1943 inheritance grown to 65 000 by 1970, then lost after turning over to a broker for discretionary handling. The advisor urges heavy bond holdings for steady income, warns against hot stocks and REITs, and stresses caution for elderly investors. Other letters note risky offshore accounts, inflation, and prioritizing cash ahead of a home purchase.
MENTIONED IN THIS ARTICLE
Pacific Gas
Pacific Tel
Rockwell
Southern California Edison
Texas Eastern