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To: yard_man who wrote (219813)2/8/2003 2:23:42 PM
From: lisalisalisa  Read Replies (4) | Respond to of 436258
 
I know what your saying.....

But in my view a money manager could NOT do worse than he has done over the last 10-12 years....

he got scared in 1991 and move to all cash and bonds (and NWAC stock)..then in 2000 he got his nerve up again and jumped into QCOM, T, SEBL, HWP, and Texxaco (and NWAC stock), w/ 40% in bonds.....

He seems to have his mind set on this money manager, and I do not feel comfortable debating it with him. He did say the money manager had 'done well' over the last three years. So I just hope for the best- in my view it HAS to be a step up, unless he has him go clown long gold or something :)

MY big worry with regards to him is the pension fund issue. Do you (or anybody) have any idea how well airline stocks pensions might hold up? Are they insured? Does being insured really mean anything? Is it possible he could be screwed out of his pension entirely in the coming years? That is my biggest worry....