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

To: BGR who wrote (96312)	6/27/2002 1:50:30 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

Trading, still, has ruined the financial future of many of my friends. I cannot ignore that. bgr, that's b/c they bought when i said sell! -lol- are you still denying you lump summed your money into the naz at the top? -lol-

To: BGR who wrote (96312)	6/27/2002 10:46:34 AM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

BGR, I know folks who have retired during the last 4 years who indexed and may have to go back to work because they are down 50% including their "non-dilutive distributions." Indexing may not be too horrible during the accumulation phase, but it stinks to high heaven during the distribution phase. You get the reverse of dollar cost averaging. I don't brag about Wharton that much because I didn't get a degree there. I do like to make fun of Harvard B-School folks, though. I don't know why. I don't make fun of Stanford or Chicago or other good schools, though I like to call Carnegie-Mellon "Carnegie WaterMellon." But that's just too cheap a shot to pass up. I agree that trading is riskier than indexing. It also has more upside, short term and long term. Which you choose is kind of like buying a luxury apartment. Some want the view from the penthouse and some want the safety of the first floor.