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Politics : Sioux Nation
DJT 13.09-1.8%Nov 7 9:30 AM EST
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To: Kenneth E. Phillipps who wrote (5856)1/28/2005 5:17:19 PM
From: Knighty Tin  Read Replies (2) of 360964
 
Ken, Speaking as a guy who has worked in the investment arena since the Earth was cooling, I am worried more about the restrictions and lack of restrictions. IRAs and 401Ks and other retirement savings scams are extremely limited investment vehicles. Very few people make big money in them. And those who do are usually the ones who did something inprudent, such as buy all their own company's stock, and were among the few for whom that worked. We all know about retirees who were millionaires in Enron or Worldcom stock and are now greeting folks at Walmart in their golden years. But stories less severe are still prevalent. What about those who worked for Corning or Lucent or even Cisco and saw their retirement savings jump off a cliff?

On the other hand, if you put on restrictions, you cut any chance for outperformance.
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