Re: OT: Any of These Geniuses Managing Your Retirement Money?


"BeaForoni" <BeaForoni@xxxxxxx> wrote in message
news:c4be265d-6729-41b7-be2a-6f493ca42b17@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
On Sep 9, 9:03 pm, "risky biz" <risky-...@xxxxxxxxxxxxx> wrote:
On Sep 9 2008 6:10 PM, lawho...@xxxxxxxxxx wrote:

Those folks who think mutual fund managers at places like Fidelity
Investments and T. Rowe Price actually know what they're doing ought
to listen to this report that aired earlier this evening on
"MarketPlace" radio:

http://marketplace.publicradio.org/display/web/2008/09/09/fannie_fred...



Be sure to scroll down and take a look at the list of all the funds
that managed to flush hundreds of millions of dollars of their clients
money (that's your money) right down the toilet.

Alan C. Lawhon
Huntsville, Alabama

You realize, don't you, that if they had tried to dump all those shares at
once the price would have gone to zero in a trice anyway?

---
RecGroups : the community-oriented newsreader :www.recgroups.com

I got much of my money in Beenie Babies, buy low sell high is what I
say. Lotto takes another slice of the nest egg, figure my birthdate 's
gotta hit one of these days. I invested in a late model car and in
twenty-five years it is gonna be a classic. I have quite abit of my
retirement funds wrapped up in first and last and security deposit, I
know it is in an intrest bearing account and I jest can't wait to see
how much it's grown. I am very divesified and have one hundred shares
of Berkshire Hathaway Class A. Good thing Granny bought a bunch in the
Sixties.

America, where anyone can get rich.

*****************************************

That diversification thing looks like it works for you. Who could have
guessed the Beenie Babies, the interest on your security deposit, and those
other incidentals could all accumulate to over 11 million dollars?

I'd like to try it. I've got a classic Yugo (it's up on blocks waiting for a
special part for the rear-end gear cluster to clear customs at a dock in
NY), some PC magazines from 1982 (although not the first one), along with a
collection of Readers Digest Classics collection with the gold leaf binding
(unfortunately I don't have the entire collection, I had a financial crisis
about 25 years ago and had to stop ordering them right after receiving my
copy of "The Works of Kipling", which is really a shame because, as I
understand it, the next book in the series was "The Works of Hugo", and I so
wanted to read the "Hunchback of Notre-Dame"; I had to wait years and even
today I can only afford the Cliffs Notes version). Oh, by the way, does
your granny have any extra of those BRK/A shares laying around that she'll
let go at that 60's price?

Robert Ladd ( I just noticed that Yugo and Hugo rhyme. Maybe I could turn
that into a start for a money making poetry book.)


.

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