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Author: Tobeykins Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74759  
Subject: HELP! NEED ADVICE-LOST ALL MY RETIREMENT $$ Date: 12/24/2001 3:43 PM
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Hi there:

Do any of you have any suggestions for me as to how to invest/recover from this incident? Any and all suggestions are appreciated.

I am a 60 yo female whose retirement savings were embezzeld while I was working in a family Investment Property business, which collapsed at the same time, so I lost my job with my savings. However, I did make a lot of money for the family business, so I believe I can now do the same for myself.

If you had a legal board, then I would ask about legal options, but I am going to Findlaw.com for legalquestions. I used Nolo.com and stayed in a law library for 3 years to research my legal issues well enough to finally get representation. Now I need to rebuild my shattered life. Here are my stats: I live in Sunny southern California and have done the following:

1. Moved to a low cost area
2. Re-started myself as a substitute teacher and got into a teacher prep program
3. Discovered California Teachers are penalized for drawing teachers retirement, and Social Security at the same time. Reprogrammed myself to move out of teaching. Many industries are not age friendly, but Real Estate is.
4. Got my Real Estate License and am working on developing a client base. Teachers have a much higher than average success rate when they go into real estate.
5. Am researching distressed real estate and learning my "farm" area. Trying to develop an investor pool for same.
6. LIVING AS CHEEPLY AS POSSIBLE: old car paid for, no bills except medical ones, low cost housing, buy everything on sale or deep discout. I am a Poster Child for the Living Below Your Means Board.

WHAT ADVICE CAN YOU GIVE ME ABOUT WHERE AND WHAT TO PUT WITH ANY DISCRETIONARY INVESTMENT FUNDS I MAY HAVE.

CURRENTLY, I am focused on the AL FRANK FUND, as his Prudent Speculator News Letter enjoys a top rec from Hulbert's and he has a solid 23% gain per year for aprox 20 years as rated by Hulbert's. The Fund enjoys a top rating with Morningstar (5 stars)? However, I have not reached the required $1,000 to invest with Al.

WHAT SHORT-TERM OPTIONS ARE GOOD? I am interested in fractional share purchase plans, such as Buy and Hold.com, etc. Can I get Hathaway shares that way and would it be a good idea?

I AM TERRIFIED OF OUTLIVING MY EARNING CAPACITY. Please help. Your advice is appreciated.

THIS IS THE UPSIDE: Previously, I had lots of "friends" based on my position in life. Most of them dropped out of my life. I made new friends when I was at the bottom: suddenly homeless, suddenly poor, etc. They have stayed with me and helped me as I came back from disaster. They are friends for life and I am grateful that I lost the false friends and found true ones. I also discovered that God protected me and that writing to my Guardian Angel helped me not only get through it, but deepen my spiritual dimensions. All my priorities are changed and I am much happier now. Instead of high cost charity. I now work in animal rescue. Life is sweeter. Having lost almost everything, I deeply enjoy every moment I cook, clean, and maintain the roof over my head. Something I did not do when I took it for granted.

ANY MORE LIKE ME OUT THERE? If anyone else is the victim of sudden money loss, perhaps we should form a LOST RETIREMENT MONEY SURVIVOR GROUP.

Thanx to all who care to comment. Happy Holidays.
Tobeykins
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