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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: GraceZ who wrote (161139)4/20/2002 3:18:28 PM
From: Joan Osland Graffius  Read Replies (1) of 436258
 
Grace,

>>But you were getting double digit gains from 1994 through 2000 for what was largely a no brainer investment.

The problem with this thought process is they were adding funds during 1994 through 2000 and the losses are more than your 35%. This is called averaging up and riding it down. <ggg>

I have friends my age that have "money managers" managing their funds and these idiots had/have them in Janus!!!!!! One friend is down 70% and they keep on telling her to hang in there as the market always comes back. <ggg>

It is real hard for grand mother and father to see the grandchildren living in the streets. I know I could not let that happen.

Joan
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