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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Andeveron who wrote (19851)	9/2/1998 11:34:00 PM
From: kurt aichler	Read Replies (1) \| Respond to of 50167

andervon, i agree with you. this email i received today. As a fellow investor, I share your concern about the recent market volatility. Like many investors, you may be wondering whether you should make any change to your existing investment portfolio in light of the recent market conditions. While you are the best judge of your personal situation, I wanted to share my own philosophy about investing in times such as these. Historically, the stock market has experienced quite a few corrections, sometimes declining more than 20% in a short period. But over time, the market has recovered, and in fact, has gone on to achieve substantial long-term growth. I have seen many studies that indicate stocks or stock funds have outperformed all other types of investments in the long term, in spite of increased volatility over shorter periods. I am a firm believer not only in our economy, but in the strengthening of global economies as well. Because of this, I'm confident that the stock market, despite the increased risks, remains the best investment for long-term investors. I encourage you to make changes only as your investment objectives change, and not in response to any short-term market movements. As a valued customer, I want to assure you that Schwab continues to look at ways to further increase your access to us during unusual market activity. We are committed to providing you the best service possible and we appreciate your continued business. As always, if you have any other questions or concerns, please do not hesitate to email or call your Schwab team. Charles R. Schwab Chairman