On Mon, 08 Dec 2008 10:45:26 -0500, Boater
wrote:

Don White wrote:
"Eisboch" wrote in message
...
"Boater" wrote in message
...
I understand *that* problem...I'm wondering what *those people* who no
longer believe in "the market" can do to prevent further losses in their
401k portfolios. I would want to withdraw the funds and put them into
something with more integrity than the stock market.

That's a question asked everyday on the various financial planning TV and
radio talk shows.
Without exception, all the "experts" advise people to leave their
investments alone.
They sometimes recommend shifting to less risky, lower yield type
investments, but they all say *DO NOT* take your money out.

I don't know. I keep mine in a hidden mattress.

Eisboch


Being a somewhat cynical person, I wonder whos' best interests those
financial people are looking after...the poor sap who sees his investment
shrinking with every monthy report...or the system they've set up with their
rich fee structure.




Gee, that's a toughie! :)

Fee's'R'Us.

Same sort of advice you'll get from "financial advisers" who sell
product. They're going to sell you the products that generate fees for
them.

Even the media is part of it.
There's a guy on CNN - Ally Vishi or something like that - who does
the financial, "Wall Street" pieces.
A few weeks ago - I think the DJ was still over 10000, he actually
advised buying because stocks were "so low."
I couldn't believe it.

--Vic