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| Monday, August 21, 2006 |
| Money Magazine Money Makeover |
Money Magazine has this month's Money Makeover: Time to stop playing it safe. This couple (ages 43 & 40) are holding most of their money in cash - with only a small amount in the stock market. Concerned about a housing bubble, the Kerkbashians sold their home in Northern California last fall and moved with daughter Grace, 2, to a Twin Cities suburb near Kim's family.
But they didn't buy - instead, they rent a two-bedroom apartment and keep the bulk of their assets, over $400,000, in savings accounts. I thought I had a lot of cash in saving accounts - but these folks blow me away :) I agree with the advisors who recommended that they start moving more cash into higher yield investments. It would be a shame if their fear causes their nest egg to be eroded by inflation.Labels: Money Stories |
| posted by Boston Gal @ 12:46 PM *
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| 1 Comments: |
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I think they are doing very well. Net worth of around 1/2 million and same age as me... If they wait just a bit longer they might get some cheap stocks and a cheaper house. Well the house might need a bit more waiting... That real estate fund looks good.
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I think they are doing very well. Net worth of around 1/2 million and same age as me... If they wait just a bit longer they might get some cheap stocks and a cheaper house. Well the house might need a bit more waiting... That real estate fund looks good.