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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: orkrious who wrote (88647)6/30/2002 3:34:54 PM
From: onedrill  Read Replies (2) | Respond to of 99280
 
I begged a friend of mine to sell INTC in Oct 99 and he told me couldn't because he didn't want to pay taxes.



To: orkrious who wrote (88647)6/30/2002 7:29:39 PM
From: jetcityrandy  Read Replies (1) | Respond to of 99280
 
Almost 100% are still fully invested in stocks/mutual funds. Almost 100% still defer all their money to their 401(K) and other retirement plans and right into the same mutual funds. Almost 100% still believe, "for the long haul", "always come back", <p>

Yes!

And I wonder how many [millions?] middle-aged to older investors have done the same thing. Equity(ies) goes in the sewer, and they holder figures, what the heck, I don't need the money right now, if I die before I use it, my heirs can have it. One would think that with the massive drop from Sept '01 and the current trough, many people shrug their shoulders and continue on. Makes one wonder if that process is what keeps "The" massive selloff from happening. The time for panic was nine months ago. If that didn't shake them out, what will?