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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: benwood who wrote (123421)9/18/2001 5:47:58 PM
From: BigMoney  Read Replies (1) of 436258
 
most of my family is very much the same way.

the idea of taking the losses too painful to them, after all this waiting. so they continue to wait for a miracle. becasue they dont know what else to do.

i have an uncle whose account i offered to manage back in december 2000. at the time he said he would stick it out. by the time the first low in april came around he called me and asked me to take over. i told him to sell everything and transfer the account to another brokerage where i could manage it. he didnt like the idea of taking the losses at the time so he opened a new account with cash and continued to manage the stocks he already owned. about two weeks ago he transferred the rest of his investment funds to the account i manage. luckily for him and my two sisters, i kept their accounts all cash.
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