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

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To: Tom M who wrote (123201)	9/18/2001 10:52:38 AM
From: Joan Osland Graffius	Read Replies (1) of 436258

Tom, There is another area of selling that will occur. I do mathematical analysis for Lawyers on 401K plans and I have only had one that has not had loans associated with the plan. These loans generally get paid from the increase in value of the plan. There has to be a large amount of 401K's where the assets will not increase sufficiently to make payments and paper must be sold. The employee of course can increase their contribution to make the payments. I did have some calls yesterday from friends that are loosing their butts. I think they are just starting to look at there plan options and are noticing that the bond funds have been doing well for the last year relative to there stock funds. I asked them what they were going to do and in all cases they said they were going to have to work longer than planned and they were not interested in moving some money to these "low interest producing instruments". I told one of these people that I have had one of my accounts in these uninteresting government bond funds since 1999 and the person thought I was crazy. Capital preservation is not part of the vocabulary. These people are still in denial. One of these days. Joan

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