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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?


To: bobby beara who wrote (3374)9/1/1998 12:50:00 AM
From: Gary Spiers  Read Replies (1) | Respond to of 5676
 
MATT, if you were 23 in 1929 and had investments you would have waited until you were in your early 40's to get your investment money back.

While not quite as young as Matt, My wife and I also have most of our interest in the market through our IRA accounts. Unlike Matt we moved most of these to Bond funds a while ago mainly thanks to the education I received by lurking here and on the "ask Mohan" thread and following down as many of the links posted as possible.

Interestingly with only one or two minor exceptions most of the people I know are still talking about buying the dips or of just hanging in and staying long.

Many thanks

GaryS

P.S. Anybody got a link that explains GZs pitchforks - my TA is limited but I'm learning :-)



To: bobby beara who wrote (3374)9/1/1998 3:24:00 PM
From: Matthew Wecksell  Read Replies (2) | Respond to of 5676
 
>MATT, if you were 23 in 1929 and had investments
>you would have waited until you were in your early
>40's to get your investment money back.

Two points:

1) I can't touch the IRA till I'm 59 and a half.

2) I also said that I was hoping to learn how this whole "investing" thing works while in my youth, so that I know how to do it well once I graduate. This week, I got me an old fashioned learning experience.

>bwdik,

What does that acronym mean?

Regards,
Matt