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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (63027)	6/23/1999 10:33:00 AM
From: Don Lloyd	Respond to of 132070

bp - (Hey I remember having a 13% MM Fund back then! I think that my first IRA contribution went into that.) That sounds familiar. My first IRA was supposed to be a 30 year CD at 12.9%. However, since the bank's computers weren't Y2K compliant in 1980, the maturity was reported as 1999. Also, since the bank's humans weren't math compliant, the controlling legal paper document actually called for a 2020 maturity and a 40 year span and something like a 128:1 return at maturity. After about 7 years, the bank achieved its manifest destiny and went bankrupt, and didn't need to worry about Y2K or math. -g- Regards, Don

To: MulhollandDrive who wrote (63027)	6/23/1999 10:42:00 AM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

bp, The first bond I bought for the bond fund was the 14%s of 2011, at close to par. My bosses had a cow because they KNEW rates were going to 17%. Of course, 2 1/2 years later, when rates were 7 1/4%, we parted co. because they KNEW rates were going to 2%. Those guys were the greatest contrary indicators of all time. Unfortunately, the fact that they knew nothing about the bond market didn't keep them from ordering me to do stupid things. No, thanks. I can think of enough stupid things to do on my own. <g> Ancor has been great. I sold way too soon, which is sort of the way I do most stocks.