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Hi. Yes, I saw that. Puna's brother is probably quite young and, in addition to his IRA, has a 401K plan or pension plan at work. The latter would be larger, and more diversified. The manager of the pension fund would have limited (15% max?) exposure to the "volatile" internet sector. His IRA, on the other hand, would be smaller, under his direct control, and right now more fun to play with! I turned one of my IRAs into tech stocks, and the broker about died! (I did it when he was out of town.) But, I paid no attention, will do what I want, and, since I can't touch it, it has great opportunity! I'll show him! <ggg> |
