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Author: saml72933 Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19891  
Subject: Re: What To Do? Need Income Date: 6/10/2002 10:55 AM
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"Rots O Ruck" on the responses you're likely to get on what to do.

I just posted two similar questions. Most responses were tales of woe, which I fully expected, and a few about how the "tales of woe" shouldn't have happened.

One respondant said he had a gain for the past 18 months and he was obviously a trader as opposed to long term buy and hold. So far, no one else has claimed to have a gain.

You mentioned REITS. This has been one of the bright spots in an otherwise dismal market. Most who have been astute enough to invest in them have done fairly well so far, BUT--- I have this sneaky feeling that the good times may be over. It would not surprise me if these come down in a sickening thuding crash any time now just like all other sector bets.

I simply do not know an answer to your question. I have lost most all confidence in Wall Street. To me, it seems, dishonesty is rampant, from the corporate CEOs, to the brokerage/analysist, to the pro traders themselves.

The only possibility I see for small investor (mom and pop) USA to make anything on their investment is to go with the Total Market Index and simply take what the market overall offers. Even then, things could be flat looking 2-3 years out.

One other thing. If the second big terrorist shoe drops, as we are led to believe is highly possible, look out. There won't be a bottom low enough for the markets to find.

I think Ibonds just may be the salvation for us retirees, at least in the near term.

I guess you can see, I'm somewhat negative. Come on Wall Street, show me I'm dead wrong!!

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