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

To: Knighty Tin who wrote (68625)	10/5/1999 6:29:00 AM
From: re3	Read Replies (1) \| Respond to of 132070

michael, good point, the dca stops when the work stops...even YOURS TRULY never thought of that ! i just heard there were 2 y2k failures in the us......due to the new fiscal year, but they were fixed in hours... gold is rocking...maybe you should buy your third of asa back !

To: Knighty Tin who wrote (68625)	10/5/1999 8:16:00 PM
From: BGR	Respond to of 132070

Ah Michael, again it is a matter of probabilities. Let's first leave depressions alone, for in a developed economy they are very rare. Making financial plans based on the possibility of depressions is like taking flood insurance in Boston. Next, from tight labor markets to recessions, unemployment approximately ranges from 5% to 10-11% for a developed economy. That puts the average investor's possibility of becoming unemployed during a recession at around 5%. Which indeed translates to many on an absolute scale but to very few on a relative scale. IOW, it is nothing to worry about, in particular in this age of dual-income families and social safety nets (the later applies more to Europe than to the USA). One has to have some serious unrelated insecurities and/or vested interest to recommend driving in a tank or employing the services of a professional based on that. Besides, how does hiring a professional manager help the scenario? You mean, professional money managers like you can actually forecast recessions!? Ho, ho, ho!!! Sorry. I just couldn't resist that. <VBG> -BGR.