Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (42698)	11/30/2000 7:36:40 PM
From: Joan Osland Graffius	Read Replies (3) of 436258

heinz, This business about redemption’s is yet to come. I have a fair number of friends that I have been telling since before the 1998 crash to sell these overpriced pieces of mutual fund paper and stick the money in a government debt fund. I was really emphatic about selling in March. Heck they are all still holding. These folks keep responding to my recommendations like "what should they do, put it in index funds". They will not move the funds to safe government funds, heck they won't even think of a money market fund. These friends have been investing in equities their whole life and do not know anything else. BTW, they are all over 60 years of age. I told one gal to get rid of MSFT at $120 and asked her if she had sold when it was 90 and she said it was to late. <ggg> Once this group of folks starts throwing up it is going to get real interesting. Joan

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