Personal Finance and Investing

>>If you can't tolerate any risk, then you shouldn't be an investor.

This describes me to a tee. I cannot tolerate any risk as I have no means to replace what I have because I cannot work any longer due to my health. The stress of investing (in the stock market that is) makes me feel quite sick and I hate being pinned to the TV all day watching it go up and down, up and down. I get zero sleep which is not at all good for me.

I heard of a man's grandmother the other day that had her entire wealth invested in the market in 2008 when it crashed.

She went from being a millionaire to being worth just over 100,000K very fast. She is too old to recover her losses so there she sits today with the money still "invested" but certainly not recovering to where it was as it is not possible for it to recover $900,000.00 in a few years. I personally believe that a person in their 90s (and 80s and 70s for that matter) have no good business to be done with Wall Street as they have no way to recoup big losses given their age.

So, yeah they got "us" alright ... "us" being those at the very brink of retirement after having worked for 40+ years. How convenient for some out there eh?

Impeccable timing indeed!