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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: Lane3 who wrote (7341)	7/27/1999 8:47:00 PM
From: Ken	Read Replies (1) \| Respond to of 9818

Karen and Daffidil:'femlibbers': Curious what you guys think about Rarebird's ideas on rounding up some of them (post 7337)? In fact, if you have time, how about your point-by-point critique? Are you all libber types? Do you think if I do as Rarebird suggests, will I end up with a libby lover or a broken nose?? Or both? ;))

To: Lane3 who wrote (7341)	7/27/1999 9:09:00 PM
From: mike devage	Read Replies (2) \| Respond to of 9818

<<Since SI is about investing, after all, I was expecting more talk about what people plan to do with their portfolios. Would you or anyone care to comment on that aspect of preparation?>> Karen, I have never posted on this board and have mixed emotions about what will happen 1/1/2000. As a lurker I have wondered the same thing. Myself, I have moved 90% of my 401k to cash accounts. I have not sold my blue chip long term holds like LU and MSFT and I will not sell them, I feel they will come back even if disaster hits. I have enough money in a safety deposit box to live for three months(if things get that bad I don't think cash is going to matter anyway). I plan on reinvesting my 401k in stocks either in October or November if panic sets in and the market drops 30 or 40%. If not, I will wait till January to see what happens. Hope this helps to give you some insight into what an average guy is thinking about Y2K as far as protecting assets. Mike

To: Lane3 who wrote (7341)	7/28/1999 1:12:00 PM
From: hunchback	Read Replies (1) \| Respond to of 9818

Hi kholt, My financial plan started five years ago (before Y2K was talked about). It's a way of living that includes investing. Here are some of my steps: A. Increase your moral and religious convictions. 1. Read books (part II of Benjamin Franklin's autobiography is a good start). If you stop learning, you stop living. 2. Make your family your focus. If you don't have a family, participate in community activities or at least get to know your neighbors. This will help in emergencies (especially if you know plumbers, electricians, police, etc.). 3. Don't isolate yourself. Isolation leads to a lack of outside information, which leads to Paranoia. If you want to be paranoid, it's safer and more fulfilling as a group activity. B. Increase your understanding of finances 1. Read books and learn from history. 2. Use durable goods to offset inflation. 3. Either decrease debt or overextend (in the great Depression banks foreclosed on people who only owed a small amount on their loans. If you owe $25,000 on a $150,000 house, the bank can get a quick turn around by selling it for $50,000). 4. Use credit on a monthly basis, and then pay it off. This is my personal favorite. I use my credit card (that pays 1% back) to buy groceries and other necessities. If for some reason my currency gets devalued (see what happened to Korea), I pay back my monthly debt in devalued currency. 5. Keep safe cash reserves or its equivalent, for anywhere from two months worth to a year. The equivalent of cash can include barter items such as durable goods, gold, useful skills. Also, keep some foreign currency. *** You were looking for specific recommendations, but I gave you a philosophy. If I lose all my money, at least I will still have my convictions and my family (and enough food that I don't have to eat my words or my family). : ) hunchback PS-Read a book by Douglas Casey called "Crisis Investing" for simple investment information. PM me if you can't find it.