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Politics : Ask Michael Burke

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To: Ilaine who wrote (42519)1/7/1999 2:51:00 PM
From: Knighty Tin  Read Replies (1) of 132070
 
Coby, There is also the question of staying power. While your friends are kicking fanny on CDs and Money funds and foreign holdings, I think it is tough to say you will continue to pour money into what looks like a huge loser. After all, folks who buy with the crowd tend to buy with the crowd. I know for a fact that in the 1974 crash, the crowd was buying gold and CDs and money funds. When I said I was on margin buying stocks, they took that as prima faciae evidence for committment. <G>

BTW, it is also tough to continue to invest when the economy turns sour and your income gets downsized.

MB
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