TAKING A YEAR END LOSS IN A BOOMING STOCK MARKET
What a bitter pill to swallow particularly when you are 80 years old. USAA put us in a "safe" investment--a diversified, conservative mutual fund. The foreign securites went sour (perhaps they invested in the Russian Ruble).The bond portfolio was supposed to provide protection but obviously failed. Needless to say, we are looking elsewhere for our investments.
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