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271 sats \ 3 replies \ @Undisciplined OP 26 May \ parent \ on: Personal Finance: The Cautionary Tale of My Mother-in-Law econ
If they had saved in anything it would have been better. Somehow, they never accumulated any home equity, even though they were "homeowners" for decades.
The part I find most annoying is that they feel like they can't retire even though they'd have double the median household income and no dependents. There's absolutely no reason to be stressing about earning money.
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94 sats \ 2 replies \ @grayruby 26 May
My father in law is doing quite well with the portfolio I had my wife build for him. We ended up doing 15% Bitcoin which was heavier than planned but he wanted us to buy more when Bitcoin dropped into the 70s. His average cost is around 90k.
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50 sats \ 1 reply \ @Undisciplined OP 26 May
Wow! Good instincts.
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111 sats \ 0 replies \ @grayruby 26 May
It's good because since I didn't want to manage the portfolio just advise, my wife manages it, so she is learning to. She never really had an investment account before. She just let me deal with all of that.
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