She wanted the higher interest rates to have a secure life in retirement, instead if 1% cd rates. Now she is getting worried
get a job at anally as cfo..
Your grandmother is getting $94 thousand a year in dividends or 9.4% on her investment. Hope she's enjoying her retirement, and has you as her principal heir.
That's if the dividend keeps paying what it's paying. If mortgage rates go up, the dividend goes down. I am in at 14 and 12.70. Not millions, but still don't feel good about. Thinking about reassessing after the next quarterly.
If she can't live off of nearly $95k per year in dividends, she's in trouble.
Easy answer, BUY MORE!!!
if she is like most women she probably wishes your mother aborted you even as dry as she is...
Tell her to ask Grandpa fer another mil
If she has the capital to invest that much in a single equity, she is probably ok with the 1/3 loss on it. Maybe she should double down.
There goes your inheritance.
I suggest to make list of places with Salvation army, free lunches for seniors and shelters as a backup.