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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: wlheatmoon who wrote (42776)	1/9/1999 10:35:00 AM
From: wlheatmoon	Respond to of 132070

Overheard a conversation between the restaurant owner and a customer last night.... customer: have you seen the stock market recently? owner: i see it going up, but i don't know much about the market. customer: did you know that if you had invested $1,000 in AOL in 1992, it would be worth $80,000 now? the market is just redhot and you have to be in it to make some real money. last year the market returned 20-25% if you just bought a mutual fund. that's a decent return, but you can do better if you pick a good stock. you should be able to get 100% return on your money. owner: wow. customer (having another glass of wine from a 1.5 liter bottle with a twist off cap--a bring your own place): i've been investing some lately. owner: how do you do that? customer: i have a broker that helps me. i don't know enough to do it on my own. two weeks ago, i bought some ONSL. it dropped about 17 points the day after i bought it and i started having heartburns and was very nervous. i called my broker to sell it and he says 'are you sure?' so, i held and luckily it came back up. i finally sold for some profit the next day. that's just the market. you have to get some help from a broker because you just don't know enough to do it on your own. owner: what do i need to do if i have some money to invest? customer: call up 4-5 different brokers and get their advice to see what they're recommending, then maybe buy something they're all recommending. use a broker who's not that interested in making money off from you, but who's interested in helping you make money. owner: wouldn't it be easier if i just threw my money into the fireplace and watch it burn? hehe, i added the last part. it's gonna be ugly. mike