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To: Mike M2 who wrote (185060)7/31/2002 5:07:27 PM
From: TWICK  Read Replies (1) | Respond to of 436258
 
The Pope should visit SI and tell us that all's going to be OK. We need him to tell us that we should not give up hope.

Twick



To: Mike M2 who wrote (185060)7/31/2002 5:16:21 PM
From: Les H  Read Replies (2) | Respond to of 436258
 
Surviving the bear market

moneycentral.msn.com

buy more stock and buy more equity mutual funds



To: Mike M2 who wrote (185060)7/31/2002 5:59:50 PM
From: MulhollandDrive  Read Replies (1) | Respond to of 436258
 
isn't suze big on bonds?

she drives me nutz, i can't watch her.



To: Mike M2 who wrote (185060)7/31/2002 7:56:53 PM
From: No Mo Mo  Read Replies (3) | Respond to of 436258
 
Anecdote from today:

My mom is worth ~ %70 today as what she was last December. When her husband died in '96, 100% of their money was in checking and savings accounts. She knows NOTHING about investing. Her lawyer connected her with a "financial advisor".

Last fall she was agonizing over the market going down and told me she couldn't even look at her statements any more. I made her get them out and, for the first time, stuck my nose in her business. This "advisor" had moved her entire retirement savings into equity mutual funds. I tried, believe me, I tried to help her understand the risk of her allocation. She agreed to put some into money market funds. Her "advisor's" assistant with whom I talked (the boss was on vacation) called me one of those 'gloom and doom' guys and persuaded my mom to hold some funds. I didn't know how much then but it turns out she only moved about a third into MM funds.

Today she met with the "advisor" (for the first time in over two years) and moved the balance. She's half MM funds and half fixed annuities paying ~ 5.55% for the next nine years.

Her partner btw......is also retired. He had about four times my mom's savings. He also has the same advisor. He was also 100% equity funds. He is not happy.