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.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Oak Tree who wrote (34422)	5/24/1999 11:20:00 AM
From: long-gone	Respond to of 116790

<<I don't think that individual investors are all that important for the mutual funds which derive most of their money from automatic retirement programs. As long as people have jobs the money will flow into mutual funds. >> go check again, I've had 5 calls from banks(in the last month) trying to sell me mutual funds instead of the savings account(little do they know(ha-ha) only have a few months in cash in savings account).I know of dozens which have been sold on all their savings in mutual funds -and often the people have bought them based only on last years returns and sales pitch - no knowledge of what is even in there.. did you never hear about all the warnings(and some fines) given by SEC to lists of banks for not telling customers of risk in mutual funds and that they're not FDIC insured?