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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (94544)	2/18/2002 8:02:38 PM
From: MulhollandDrive	Respond to of 132070

Joan... I would be interested in your response to your neighbor. You were wisely talking to them about taking some of the profits when the market was much higher...Buy, sell, hold? TIA

To: Joan Osland Graffius who wrote (94544)	2/18/2002 8:29:07 PM
From: Box-By-The-Riviera™	Respond to of 132070

sad, they didn't act sooner. you're going to own whatever you tell them. tough job!

To: Joan Osland Graffius who wrote (94544)	2/19/2002 8:53:06 AM
From: Tommaso	Respond to of 132070

I think you should tell them to put it all in TIPS and plan on spending 5% of it per year. I'm sure that's a lot more income than they were getting from the stocks, and it ought to work like an inflation-proof annuity. But I would provide detailed instructions as to what TIPS are and what to tell the broker, including the exact symbol. I mean, in effect, I would write a letter to the broker for them so that there could be no mistake made and so I would have a copy myself. That said, because all my wife's TIPS are through CREF, I don't have the bond symbols myself. OK: Vanguard has a fund, VIPSX, of inflation-protected securities. mutualfunds.about.com That's where they should be.Period.