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2NEWS viewer seeks advice on her elderly father's investments

Q: My 95 year old father recently lost about 20% of his (stocks and bonds) portfolio which he had invested through a local agency. We know we are facing long-term care issues with him in the near future. Should we ride this out (as the investment broker is advocating) or invest in something more stable, like CDs?

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Bballmom1555 - 11/8/2008 10:52 AM
Additional information for Mr. Ellsworth: My father's finances are 60% stock/bonds and 40% cash/cash equivalent. The stocks include municipal bonds and utiities stock. He has enough cash available for immediate health care needs, but would probably need access to additional funds within 6-9 months.
2NEWS viewer seeks advice on her elderly father's investments
Q: My 95 year old father recently lost about 20% of his (stocks and bonds) portfolio which he had invested through a local agency. We know we are facing long-term care issues with him in the near future. Should we ride this out (as the investment broker is advocating) or invest in something more stable, like CDs?


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