Florida Investment Fund Frozen – Old News

by Florida's #1 Mortgage Planner on December 6, 2007

Some of you may have been wondering why I have not mentioned the fact the the whole mortgage mess, etc. has all but destroyed the fund, causing them to freeze withdrawals until the "run on the fund" stabilized.  They are allowing some withdrawals, but to whom and how is unknown and doesn’t really matter.

Why have I not thrown myself over this one?

While it is big news, it is a rather small fish in the pond.  Although it was a drop that signaled there would be more "ripples" felt across the country, as was we have seen in places like Montana.  Many people are scared about where there money is being invested and would rather throw under the mattress instead.

That is probably the dumbest thing to do, unless you have a mattress in Europe or other location where the currency is perceived to still have value.

So, I have decided to focus more on the "bigger fish" as I move forward.

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