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To: yard_man who wrote (193550)	9/24/2002 9:27:34 PM
From: Joan Osland Graffius	Respond to of 436258

tippet, I work with a fair number of 401k's and have friends that (had) a fair amount of wealth from capital investments. I would say at least 75% of the folks at still long equities. Joan

To: yard_man who wrote (193550)	9/25/2002 12:48:08 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 436258

tip, my pops was conservative and missed out on some of the way up. he didn't get greedy, but he had me pleading market insanity every time i talked to him. -lol- one of his buds switched lots of dough into high risk when the naz was above 4k. fired his "conservative" advisor. i hope he got out - haven't heard. another friend made $500k or so trading. kept telling me to play the game. i was missing out. i told him i'm not playing musical chairs b/c i didn't know when the music would stop. well, he lost about $500k after the musicians left. net, he was even. however, tax consequences hurt him pretty bad. he paid all the taxes on the gains, but can't deduct all his losses at one time. $3k over gains, with no gains. his last investment words to me were, "i'm buying intel at $48. when will you ever see intel at $48 again?" i didn't think we would. just not for the reason he thought. a couple other friends have lost quite a bit of their 401k, but were lucky enough to take some money out to buy into the real estate bubble a couple years ago. that saved some cash. i don't see too many folks crying too badly yet, though. so far, the good seems to have outweighed the bad for most. i don't expect that to last, though.