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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: RocketMan who wrote (26457)	4/15/2000 8:30:00 PM
From: Ilaine	Read Replies (2) \| Respond to of 42523

If you borrowed 125% of your home equity, put the money in a brokerage account, and bought stocks using 50% margin - you might have a problem. And if you bought a three-bedroom bungalow in Palo Alto for $1 million using a pledge of your dot.com stocks for the down payment - you might have a problem. If you bought stocks using the money you need to pay your income taxes on last years daytrading - you might have a problem. If you had a million dollars in your IRA account on March 1, and today you only have $750K - I don't think that's a problem. I don't think very many people with substantial gains in an IRA or 401K over the past 10 years is going to panic over last week's market action. Not yet. But the expectation is that prices will rebound.