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Porsche-O-Phile Porsche-O-Phile is offline
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Join Date: Feb 2004
Location: A Rock Surrounded by a Whole lot of Water
Posts: 34,187
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How on earth does a person:

(1) amass $2M and
(2) not have enough sense to spread it between different investment vehicles and/or banks?

I swear, it's mind-blowing to me. Nothing against your relatives, but I can't fathom how people can value such astonishing amounts of money so little as to be so utterly foolish about where to put it. If I ever had 1/10 that amount, I'd have a professional financial planner advising me. No joke.

I don't mean to sound callous - hopefully they're able to preserve a lot of their savings. It's got to be a nightmare seeing one's nest egg evaporate (potentially) like that when one is older. . . Absolute nightmare scenario.
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Old 07-11-2008, 09:04 PM
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