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To: Victor Lazlo who wrote (60232)	7/11/2002 8:20:40 AM
From: RetiredNow	Read Replies (1) \| Respond to of 77400

Oh, hell. I'm not saying I'm better than though. In fact, I'm right there with everyone else on this thread. The only difference is that I admit to having lost a lot of money in the last 3 years, unlike most others on this thread who claim to have made a killing over the last 3 years. However, one of the values of these threads is that we can post our opinions, which just may help others. My opinion right now is that everyone has lost confidence in the markets and have learned the wrong lessons. People, including my brother think that the only way to invest safely right now is money market funds. The real lesson to have learned is that you need to be diversified. This year I have been diversified and am down 7% overall and I am very heavily in the market. That is awesome when you compare it to the market's losses. Now granted that isn't as good as money market funds this year, but over the long term my returns will most definitely beat a money market fund. And if folks with money market funds think they'll be able to time it perfectly and get back in right before the next bull, they have another think coming. So again the lesson is to be well diversified, continue on a long term plan of dollar cost averaging, and reallocate periodically. The lesson is NOT to give up on your retirement. Good luck all.