Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Joseph G. who wrote (6435)	10/28/1997 12:42:00 PM
From: Ralph W.	Read Replies (1) \| Respond to of 18056

Joe - Prior to about a year ago folks at my wife's work place were getting a nice yearly return on their retirement monies - fixed income stuuf, not flashy but safe. This didn't satisfy the Chief Honcho who, with his discretionary money is something of a market swinger. So he switched plans & now everyone there (all totally ignorant of market machinations) are 100% in mutual funds. They do have the option of going into a rip-off money market fund, but Chief Honcho has barely made them aware of this. A while back I had my wife switch entirely into said money market fund. Yesterday I phoned her twice to let her know about the market. On the second call the gal who answered said, "Are you calling with more bad news? This is my RETIREMENT!" The latter with high anxiety in her voice. Sad. But IMHO it will become sadder. Multiply this one example by millions.