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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (3686)	5/17/2001 2:14:27 AM
From: Cogito Ergo Sum	Respond to of 74559

HI Mama Bear , You are of course correct wrt Pension Plans and I would have been better to elaborate. As a case in point up to a dozen years ago my 'investing experience' consisted of Canada Savings Bonds, and fixed term deposits. I graduated to Mutual Funds of varying types and finally 4 years ago to stocks and trading for myself. There are many folks that have followed a similar path. I've never had a company pension plan and have in fact been self employed these last 9 years. As you can see originally my 'growth' came from very simple interest bearing instruments. Mutual funds and online trading have promulgated the general public's use of equities (and mine thankfully) as investment vehicles. I don't believe this was the nearly as prevalent 15 years ago, as an example. 'I think that there may be less folks in the market now that they are not covered by defined benefit plans.' I don't think I know anyone that doesn't own at least 'mutual funds'. We have an annual madness in Canada, just before tax time of making last minute contributions to our registered retirement savings accounts. The banks and other financial institutions are always flogging mutual funds (mainly equities of course) with the great growth charts, buy and hold mantra and of course the risk in very teeny print LOL. They used to flog GIC's (Guaranteed Investment Certificates), a simple interest bearing instrument. 'Now the profligate are allowed to choose to spend that money, which they do' That's fine, it's too crowded already! :0) regards Kastel