3 ms·
You didn't even mention the possibility that your 52-year-old mom's entire life savings is tied up in her house in her hometown. Where there are no jobs, and no
by mechanical_fish 15y ago
You didn't even mention the possibility that your 52-year-old mom's entire life savings is tied up in her house in her hometown. Where there are no jobs, and nobody is buying houses, so she can't cash out except at a big loss.
- yummyfajitas 15y agoShe already made a big loss. The only question is whether she goes on deluding herself that she is still in the black, or whether she acknowledges the loss, accepts it and moves on. Similarly, there is a possibility she put all her money into GM stock. Should she refuse to sell it to avoid taking a big loss?