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Technology Stocks : Y2K (Year 2000) Personal Contingency Planning

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To: James Strauss who wrote (10)4/13/1998 6:26:00 PM
From: PitBull  Read Replies (2) of 888
 
Cheryl, James...In your estimation, do you think mutual funds will at least retain their value now, in the year 2000, and 2001? Meaning, if a person has a fund valued at X today, since most mutual funds, (let's pretend it's an index fund)grow each year, assuming there is some kind of "crash" or "correction" that ocurs because of Y2K, do you think a fund valued at X today will still be worth AT LEAST X a year from now, or 2 years from now? The concern of course, is that more and more people invest in mutual funds as opposed to money markets or savings.
It's one thing if your investment backslides to where you started at, but a whole other if you end up LOSING money. Thanks for your opinions.
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