Well, I for one will not "drop" that one. My in laws, both in their seventies, thought they were "rich" and think nothing
their son-in-law says about the market is worth listening to regarding investments. After all what would a doctor know? They are not going back to work BUT they are selling their second house in S. California and downsizing to a smaller, cheaper condo in Seattle just to have some more money than SS. They were in MSFT, ORCL, INTC, SUNW, and the conservative bet, AT&T! The dumbasses have lost 75% of their retirement. Same story for stupid brother in law who had 80%!!! of his retirement in MSFT! Did I plead, yeah, for about three years...now I just shut up and accept at face value the story of the professor. There is no limit to the madness of crowds, even to
old farts who lived throught the depression.
Jim Black
PS, Since I got out last year I am actually up by about 8%, due solely to my gold stocks, GG and FN.Tor(and interest on treasuries). I could have been a lot smarter myself. I sold QCOM a half million too soon, and hung onto WCOM way too long. So I deserve no investor medals myself. Just to keep he record straight and not claim perfect knowledge
myself. |
