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Strategies & Market Trends : Are you considering quitting your dayjob to daytrade?! -- Ignore unavailable to you. Want to Upgrade?

To: stokaholic who wrote (205)	1/18/1999 5:02:00 PM
From: William G. Murray	Respond to of 611

FWIW, I feel investing for family and friends is a bad idea. In my case, I manage my father-in-law's IRA. Several years back we managed to increase his value by 26% in about 18 months. His son (my brother-in-law) advised him the market was going to Hell in a hand basket. He called me nearly in tears demanding I put the account into cash immediately, which I did. The DOW was at 4200 that day and he has been in a money market fund ever since. Every six months or so he asks why his account fails to grow very much. He still will not invest in stocks, doesn't trust mutual funds, and is convinced bonds are not the way to go. Take the above and multiply it by 10 or 20 and you will see what you are getting yourself into. I'm happy trading my own account and intend to keep it that way. Good luck. B.M.