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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (3097)	12/22/2009 10:30:22 AM
From: Steve Felix	Respond to of 34328

You have much bigger cajones that I, if you will recommend one stock to a friend. I've found the elation of "winning" doesn't outweigh the wrath of losing. I don't think there is anything stranger than people and their money. Had a cousin retire from the state last year. Has a pension but had saved almost 100k in some form of retirement besides. Took 25% and put in CDs, then asked me what to do with the rest. I put him in Vanguard LifeStrategy Growth (VASGX), the financial advisor thing to do. lol! As the market was already down, but nowhere near the bottom ( who knew? ) , he wanted to put it all in. You know, just do something with my money and make me some money. lol! Talked him into putting 50% in and $2000 a month until fully invested. Called me last week and stated he was within 1k of even at which time he was going to cash out. I told him that sounded like a good idea but I had no idea what he should do with the money. Go bother someone else! lol!