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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: goldworldnet who wrote (153761)	6/16/2001 1:01:09 AM
From: calgal	Read Replies (1) \| Respond to of 769667

Bruce Williams Investor worries about stock loss jewishworldreview.com -- DEAR BRUCE: Our investment accounts are down about 25 percent. I am depressed over this. We really can't afford to lose the money. We were doing very well for the last few years, but nobody told us that we could expect that kind of a hit. What can we do? -- D.L., via e-mail DEAR D.L.: In my opinion, you sit tight and do nothing. You haven't lost anything until you sell. If there were no possibility of stocks going down, then there would be no reason for them to go up either. History seems to indicate that if you wait it out, you will be OK. I'm assuming that your broker has you invested in reasonably secure securities, rather than speculative high-tech stocks. Having said that, I would sit tight. You will find that your investments will come back and bring friends. DEAR BRUCE: About a year and half ago, we bought a small Cape Cod style home for $60,000. We must now relocate to Massachusetts after living in the home for only 18 months. How do we put this property on the market, and what can we expect? Do you think we should have a lawyer involved in the transaction? -- A.M., Rochester, N.Y. DEAR A.M.: The fact that you have owned your house for only a short time doesn't change the methods of selling it. You can try to sell it yourself as an FSBO (For Sale By Owner); however, it is usually quicker to list it with a broker. Call two or three and ask them how much they think the house would sell for. You didn't indicate how much money you put down when you purchased the house. It's possible that you may have to go to the closing with a check if you owe more than you can get for the house. The fact that you are forced to sell means that you are a little more motivated, and you can't hold out for your full price. Of course it's necessary to have a lawyer, and I would make that call first. DEAR BRUCE: What do you think of these so-called 529 Plans? We would like to start a savings plan for our 1-year-old youngster. We are of modest means. We don't live from paycheck to paycheck -- but close. -- T.M., Duluth, Minn. DEAR T.M.: I think that the savings plans that allow you to deposit money for your children's college education at today's rates is a great idea. At this writing, there are over 30 states that offer these plans, so it does take some research. They are not all created equal. Some allow students to attend out-of-state schools, while others do not. In my opinion, these plans are long overdue, and I would look at them very carefully. jewishworldreview.com