"Cynthia Bainbridge Mullis, Ph.D." wrote:
> Steven - My husband is a financial advisor, so I'm forwarding your email to
> him. He can respond to your points better than I. My guess is that, in
> the main, he will agree with you. I'm also guessing that he will tell you
> to do nothing with your TIAA-CREF fund. Don't try to recoup the losses -
> they will recoup themselves as the market corrects itself.
Based on my limited experience, I would concur (also with the parts I deleted).
My brother, though not a financial advisor/planner, works on investments on a
broad scale, and he has talked about the importance of a long-range plan/goal
that people like me (and presumably other tipsters) don't change in response to
market ups and downs. Over the years the sum total of his financial advice has
been: "John, by the time you hear about something, everyone knows about it" and
"Most people try to move into the fast lane after it starts slowing down." At
that point he gets onto Poisson distributions and really loses me :(
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John W. Kulig [EMAIL PROTECTED]
Department of Psychology http://oz.plymouth.edu/~kulig
Plymouth State College tel: (603) 535-2468
Plymouth NH USA 03264 fax: (603) 535-2412
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"One word of truth outweighs the whole world."
Russian proverb
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