Hi Earlie,
You'll appreciate this. I just received a letter from none other than Mr. Charles Schwab himself! (Since I'm on the West Coast, it probably went out yesterday after the crash.) Here goes:
>>Dear John Dally,
As a fellow investor, I share your concern about the recent market volatility. Like many investors, you may be wondering whether you should make any change to your existing investment portfolio in light of the recent market conditions.
While you are the best judge of your personal situation, I wanted to share my own philosophy about investing in times such as these.
Historically, the stock market has experienced quite a few corrections, sometimes declining more than 20% in a short period. But over time, the market has recovered, and in fact, has gone on to achieve substantial long-term growth. I have seen many studies that indicate stocks or stock funds have outperformed all other types of investments in the long term, in spite of increased volatility over shorter periods.
I am a firm believer not only in our economy, but in the strengthening global economies as well. Because of this, I'm confident that the stock market, despite the increased risks, remains the best investment for long-term investors. . . . etc. <<
Comment: Looks like they're trying to rally the masses. Sure would be funny if they sent out your commentary instead.-g-
Best regards, John. |
