Quote:
Originally Posted by turbo6bar
Then, grandma has as least 40% equity position in secured RE that will eventually grow in value (we are talking about real estate in flyover land). RE is held long-term.
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There's the flaw in your argument.
There is a joke about Grandma not buying green bananas because she may be gone before they are ripe. There aren't many circumstances where a retired person is going to be looking at long term investments. As you get older your time horizon gets closer and you look at investments that are stable and easily liquidated.