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Pastimes : Don't Ask Rambi -- Ignore unavailable to you. Want to Upgrade?

To: Rambi who wrote (6050)	1/10/1998 3:57:00 PM
From: James R. Barrett	Respond to of 71178

Penni, you have a 20 year horizon. I have a 6 year horizon. I plan to retire at 62. You should'nt be too concerned.... I should be very concerned...... but I'm not. Currently 85% of our savings are invested in stock mutual funds. I am much more concerned about interest rates than the Asian crisis. Sure the market is down, but it's still way ahead of where it was on 1/10/97. Even if it goes down another 20%... so what? As long as interest rates stay low it will bounce back. People today are simply not satisfied with a 5% return on their money. As long as people keep thinking about how much MSFT is going to be worth in 20 years they will keep buying it. IMO Jim