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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Fiscally Conservative who wrote (3023)	2/16/2001 3:08:48 PM
From: Mike M	Read Replies (1) of 3536

What percentage of the American public is better off than they were 15 years ago as from the direct consequence of having invested in the private sectors,aka the stock market? Are you serious? The last 15 years have been an incredible time to be in funds, variable annuities etc. Particularly in retirement accounts which allow adjustments without tax consequences. Anyone who isn't better off than 15 years ago has been managing his own stock portfolio with an aggressive chase the fad, buy and flip mentality. How many people do you know who have done wonders with their retirement funds? Practically every one I know. Why not? We have seen 15% average growth in most conservative growth and growth & income funds over the past 15 years... What in the world have you been doing with your money? The average large cap return for the past 75 years which includes our 1929 train wreck has been 11%...Even with 50% in treasuries that would beat an 8% return...And, the money would be there rather than sitting in an IOU box somewhere. We are already in a very serious spot down the road. What one hopes is that we can figure out how to get out of that "spot". Some day the government will tell your generation that not everyone can have their SS pension... Only those who did a very poor job preparing for retirement. I'm just glad it will be there for the poor planners but you can bet there will be plenty of folks complaining.

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