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To: Jim Willie CB who wrote (38759)	7/10/2001 2:23:57 PM
From: David R	Read Replies (1) \| Respond to of 65232

RE: my 401k is down over 60% since spring 2000 I know too many people in this situation. My 401K tech fund is down 68% for the year (T.Rowe Price). I am happy to say that I moved my 401K money out of tech before the crash (I did take a bath with some tech stocks that I own). However, this problem is not with 401K's it is with foolish investors. Should we eliminate potentially the greatest personal investment vehicle available to the avg person just because some people spend less time planning their 401k strategy than they do picking the movie rentals for the weekend? How about we put all 401K money under the control of a Govt nanny. Then we can see the same fantastic micro-returns as we see with social security. A well managed hybrid fund that has a mix of TBills, stocks, and bonds would provide reasonably safe growth over the long run. This is the sort of vehicle that should be available for social security. My sister works for a state govt. They have an alternative to social security. She has built an impressive retirement nest egg over the last 20 years using just the 12.5% payroll tax that would have otherwise been poured down the SSN toilet.

To: Jim Willie CB who wrote (38759)	7/10/2001 4:01:08 PM
From: Jim Willie CB	Read Replies (3) \| Respond to of 65232

blow me down sideways, another Cool Post for the Jackass that is #4 and I didnt even try the other three were back in spring/summer of fabled y2000 I may be nearly broke well, many ghetto dwellers would love my savings account but as a Cool Poster, gotta be worth something as Caddyshack said in the great satire "at least I have that going for me" he referred to self-awareness at the time of his death in lieu of a caddy's tip from the Dali Lama the poor guy had just hauled the Dali's golf clubs around 18 holes self-awareness is a wonderful gift snakes dont got it thanks to NoLimitz for pointing it out to me he disagrees that the grand experiment has failed it worked for him, and that is well & good but for the 50-60 people I personally have canvassed, it aint so good about 1/4 of them have profited nicely over the years and built something significant (or bordering on such) most have seen their 401k decline at least 40% this year some even more, who loved the smallcap phenoms but NoLimitz should be credited with being near the top he has retained most of his top from a year ago he can manage my money anytime I wish I were kidding on a more serious note, I was not all that serious in my quick dismissal of the 401k system I do believe it has failed those who lack selfcontrol, who lack patience, who dont allow their disappointment to be followed by even worse decisions, who just plain suck at this unless a stunning bull wave passes thru just found out my ultra wealthy rich aunt in England will not be forgetting my mother Auntie is not long for this world after making love to a bottle of gin for 35 years Mom dont need no money it will possibly find its way to the Jackass now I must knock off the TechJagoff, who competes for our inheritance now simply to get out of my own way / jim