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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: jpdunwell who wrote (41905)	8/4/2001 11:52:52 PM
From: CookiePuss	Read Replies (1) \| Respond to of 100058

I'm not familiar with Jeremy Grantham. What's his track record? Thanks for posting the interview excerpt.

To: jpdunwell who wrote (41905)	8/5/2001 4:24:47 PM
From: Dr. B. ®	Read Replies (1) \| Respond to of 100058

Hi Jpdunwell, Thanks for your thoughts. I really wouldn't mind a 10 year or so bear market since a very large portion of my money will be fed monthly into my new retirement systems here at the U. Something I really like is the fact that I don't pay social security but rather am forced to put 8% of my salary into the state plan (I chose the self managed plan) with the state matching dollar for dollar. Having ten years or so to invest with matching state dollars during a bear market is my absolute dream. Can you imagine accumulating stocks for a long period of time (just as those who contributed during the 70s - 90s) at low prices only to have a huge bull market explode your portfolio? One sad thing I'd like to point out. I talked to a couple of the old timers here at the U who are near retirement and they told me when they got hired in, they had no choice but to go with the standard defined state retirement systems. This entails contributing your 8% salary for all those years and, at retirement, you get a set benefit regardless of how the stock market performs. In other words, the state assumed the risk. BUT BUT BUT if they had been allowed to put all that money in a mutual fund and get all the money back interest, stock appreciation and state matching funds (JUST LIKE I AM NOW ALLOWED TO DO), they could have retired ten years ago. Pretty sad huh? I wonder what the state is doing with all that money since most will never live long enough to get back even the principal that they paid in....THOSE OLD TIMERS BASICALLY GOT A SPIFFED UP FORM OF SOCIAL SECURITY!.... The state people meant well I'm sure because the people making the decisions were themselves affected by those decisions but they sure screwed alot of people out of their money, including themselves...ROFL! On another score, I also have a hedge during bad times. That would be my trading account which I can quickly change on a dime going short or long til my heart is content, just hopefully I am successful on those trades :O)