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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (8367)	10/29/1997 2:06:00 AM
From: Bonnie Bear	Read Replies (1) \| Respond to of 94695

Hi vi. Not to worry about the buy-and-hold set, it is inflicted upon us involuntarily with our pension plans. People will settle for no increase or a small decrease as long as they don't have to pay taxes on the money. ( Rule #1 in America: avoid taxes and the IRS.) I find it really disturbing that the pension-plan managers stuff them full of garbage stocks because they are going up in price. I'm real concerned that anyone relying on the skills of their pension-plan manager may be in for a rude awakening someday. As the market changes, the variety of mutual-fund products should expand to accommodate the marketplace for pension money. There's lots of neat products out there. Just as there were people who faithfully put their retirement money in gold at $800 a ounce many years ago and patiently watched it decline in value, there will be equities investors that go down with this ship even though the federal government warned them about it. The mutual-fund industry makes it very difficult to short-sell but I think we will soon see more funds that engage in short-selling and it will moderate the overvaluation of equities. It will also make the skills of fund manager (or individual investor) more important than the market average, as in the 70s. BTW, I agree with you about Japan but only if they get their banks out of trouble. regards, b