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Technology Stocks : Discuss Year 2000 Issues
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To: Lane3 who wrote (7341)7/27/1999 9:09:00 PM
From: mike devage  Read Replies (2) of 9818
 
<<Since SI is about investing, after all, I was expecting more talk about what people plan to do with their portfolios. Would you or anyone care to comment on that aspect of preparation?>>

Karen,

I have never posted on this board and have mixed emotions about what will happen 1/1/2000. As a lurker I have wondered the same thing. Myself, I have moved 90% of my 401k to cash accounts. I have not sold my blue chip long term holds like LU and MSFT and I will not sell them, I feel they will come back even if disaster hits. I have enough money in a safety deposit box to live for three months(if things get that bad I don't think cash is going to matter anyway). I plan on reinvesting my 401k in stocks either in October or November if panic sets in and the market drops 30 or 40%. If not, I will wait till January to see what happens.

Hope this helps to give you some insight into what an average guy is thinking about Y2K as far as protecting assets.

Mike
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