Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : America On-Line: will it survive ...? -- Ignore unavailable to you. Want to Upgrade?

To: Pruguy who wrote (12572)	12/19/1998 11:45:00 PM
From: sakura	Read Replies (2) \| Respond to of 13594

hi Pruguy I just loved your line (why would you argue that 3 is better than 1...wouldn't it just be best to have all your money in your best pick. the concept behind diversification is to protect against being wrong. If you feel there is no chance of being wrong, than 1 pick is your best solution.) Now I hold 50% of my portfolio in COOl since I believe COOl will give me at least 140% retire in a year. But with margin account, I will accumulate MSFT AOL EMC SUMW and so on. That is enough for to retire at age of 32. It is fun to have a chat on this site, isn't it? Diversification. That would give a huge reward no matter how optimistic I am in COOL. thanks

To: Pruguy who wrote (12572)	12/20/1998 8:35:00 AM
From: PoorRich	Read Replies (2) \| Respond to of 13594

OT: Problems collecting on Prudential policies (terrible ROI) Pruguy My father, who was killed in a car accident, had several insurance policies with Prudential that he took out in the 1950's. As executor of his estate, I am trying to collect on these policies. Unfortunately, my father took out insurance on family members (e.g., his sister) without notify them. Consequently, people like his sister have no reason to suspect that Prudential has policies in their names. Unless, I track down the beneficiaries, Prudential will apparently pocket all the proceeds from these unclaimed policies. Another aggravating aspect is that these policies purchased in the 1950's achieved maturity/full value in the 1960's/70's then never increased. Consequently, the $2,500 with Prudential is still $2,500-- 30 years later. I suspect that many other employees in the 1950's are like my father, who bought insurance on family members by paying a few dollars a month, and that big companies like Prudential are reaping tremendous rewards from these unclaimed assets.Over Christmas, I'm going to write to the AARP about this problem. Maybe I'll even set up a Web site. What would you suggest? PoorRich ps: I wish my Dad would have bought stock instead of these insurance policies. I shudder to think of what $2,500 invested in AT&T in 1950 would be worth today.