Re: What are you talking about i never said we removed our money from the market the past two years -- environmental discussion

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Subject: Re: What are you talking about i never said we removed our money from the market the past two years

Author:
Oropan

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Date Posted: 12:40:36 06/03/07 Sun
In reply to: Bev 's message, "What are you talking about i never said we removed our money from the market the past two years" on 16:30:50 06/02/07 Sat

Sorry, I reread your post and you said..." as soon as he retired we took it out and invested it in other places( not in the stock market)" That was 5 years ago according to your post. That means you missed a 73% gain if you had just invested it in a mutual fund that mimiced the Dow Jones average. If you had gone with a mutual fund that had mimiced the Russell 5000 or a small or mid cap fund you would have more than doubled your money. I manage my daughter's 401k and have got her 25 to 30 percent each of the last five years in a small cap value fund and a mid cap value fund. When a person retires, you still have to have a long view due to the fact you could still live 25 to years years after you retire. You never want to run out before you die.

> We had the optiong when we retired FIVE years ago of
>leaving the money with the union and letting them
>manage it or taking it ourselves in a lump sum . We
>rolled it over into a ira that pays us 5.65 percent .
>we locked it in for a 7 year block . it will be due in
>a couple years . We are totally satisfied with taking
>the interest montly as part of our income and leaving
>the principle intact. You like to gamble We do not we
>are more conservative with our monies .

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Replies:

Subject	Author	Date
Re: What are you talking about i never said we removed our money from the market the past two years	Bev	13:04:21 06/03/07 Sun
Re: What are you talking about i never said we removed our money from the market the past two years -- Oropan, 13:53:00 06/03/07 Sun