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Legal Commentary

: TalkLeft

How Much Can You Afford to Lose?

By Jeralyn

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The Dow had its worst drop in two decades today -770 points. I don't have any investments, but my mother has a modest amount that is used to pay for her nursing home care. Last week her account was dropping $3,000.00 or so a day, except for the day it was announced an agreement had been reached. Today, she lost $15,000.00.

That strikes me as pretty serious. I do believe the market comes back eventually, but how much more can people afford to lose?

Full post as published by TalkLeft on September 30, 2008 (boomark / email).

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