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To: Knighty Tin who wrote (146958)	1/29/2002 5:40:50 PM
From: Mike M2	Read Replies (1) \| Respond to of 436258

KT, the pool of potential marches for the million investor march -g- is growing steadily. i figure a lot folks in Houston would like to do more than march. I look forward to the day when CNBS goes off the air! mike

To: Knighty Tin who wrote (146958)	1/29/2002 6:21:23 PM
From: GraceZ	Read Replies (1) \| Respond to of 436258

I agree completely. I was looking at my husband's 401K the other night, I usually don't give him advice because we tend to keep our investments in our own little piles....but he was distressed because he sold out of his funds September 24th only to see the market rally (here's the real reason I don't interfere, he's the ultimate bottom picker -g-). He had maybe 25 funds to choose from, all of which were publicly traded funds which they hid by giving them dumbed down names in front of the real names. I'd say over half of the funds probably had the same objective and the same damned holdings. Almost all were down seriously on the year (even during the boom he lagged performance-wise). Here's the funny part, he moved everything to the MM they offer and he still lost a small percentage....now that one I had a hard time figuring out (you think the management fees stripped out the return?). I was hoping I'd see some precious metal sector fund in there, but no such luck. He remains in the MM and I'm sure he will be glad to see this sell off tonight. I have a funny story about a friend who is equally clueless, but has had his pension moved to a self directed account. He was given two choices back in the middle of 2000....an income fund or an equity fund. He wasn't sure what equities were and he thought the word income sounded fine, so he picked the income fund. All his co-workers gave him a hard time, but he didn't change it. Needless to say, he's the only one who still has his principle left. Truth is, most Americans won't educate themselves about investing enough to manage their own retirement, they can't tell you the difference between a stock and a bond. When the chit hits the fan they will blame the government for not keeping them from doing something stupid and this is why the government continually sets up these stupid rules that guarantee sub par performance. If any of those people who lost everything at ENE had taken even a simple three day financial planning class at a community college or picked up a copy of Money magazine, they'd have known how dumb it is to hold your whole retirement in your employer's stock.