MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

Nov 18 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gary Wisdom who wrote (33238)	11/12/1999 9:32:00 AM
From: donald sew	Read Replies (1) of 99985

Gary, >>>> Joe 6pk is kicking ass. Yours <<<< It depends on who you define as J6P. Firstly I dont think there are any J6P reading this thread, and I consider J6P as those who just add to their mutual funds and rarely trade individual stocks. When my old company started its 401K plan about 6 years ago, I was probably the most educated in investing and at that time I didnt even know what shorting was, plus I had no idea what options were. I was selected to actually hold discussion groups to help promote the 401K plan since I did have a good idea on what a mutual fund was and the different type of funds. I probably discussed our 401K plan to over 200 people and it was amazing how little they knew. I consider them J6P. I still keep some contact with them and they really have not improved that much. Frankly they keep on asking me now why their funds are doing little while the media is making it sound that everyone is getting rich. From the mutual funds which were offered I always pushed the most aggressive one, but most went with the middle which was basicly asset allocation and are still in the asset allocation fund. These asset allocation funds do not have strong emphasis on HiTECH stocks and way underperforming HiTech funds. That is my exposure to J6P and they are far from kicking anyones ass. I also keep in tough with the 401K account manager from the actual fund company (20th Century Funds) and he says that it is still basicly the same with some improvement in knowledge but not much. Asset allocation funds are still the preferred pick. The least picked funds are the fixed income and the most aggressive. So if my definition of J6P is wrong, please explain. seeya

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next