Registered: Mar 2009
07-13-12 12:03 AM
Quote from hughb:
An old friend of mine, 86 years old seems to be fading away. He doesn't have an internet connection, or even a computer. He watches the tape on CNBC. You would think it's foolish to trade from the tape, but after the 08 meltdown he made a small fortune in Ford and a little bit in GE. Last year he made a chunk in FNMA. Right now the only position he has is BAC, he bought 60,000 shares at an average cost of 8.15. I'm not sure if that's what's bothering him, or if it's his age. Earlier this year he fell and was in bad enough shape that he was admitted to the hospital and then sent to a nursing home for a month. He's barely eating anything and becoming incontinent. I'm not sure what his net worth is, but it's probably close to $1M. He's a cheap SOB, wears threadbare clothes and lives in an old dump of an apartment. I can't really think of anything to perk him up and I don't know if I should bring up moving to a nursing or a retirement home. I never had to handle the problem of aging parents, so I don't know what I should do here with my friend.
I'm living in a community of people like that. There's not much you can do. Taking them to a doctor is not always good because the doctors will screw their lives up with meds. They are too old to learn about nutrition, supplements, herbs, prevention, etc..
See if you can get in the will though, that is the most productive avenue of action I can think of in that situation...