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penny_foolish

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penny_foolish

Re: ThePennyTrader post# 138

Friday, 09/26/2008 8:10:29 PM

Friday, September 26, 2008 8:10:29 PM

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OT - I disagree with you in principle. If every dollar we invest in the market is ALWAYS at peril, we will stop investing in the market. The reason we invest is because we believe in the institutions we are investing in. Of course, pinks are a different story, but the financials that you make fun of now have dominated the retirement funds that many of us have had NO control over. If you are given 3 choices, and all three have AIG, FRE and FNM in them - we are not given a choice. That is the real problem we face now. Please do not be a Phil Graham and call all of us "whiners" because we have been screwed by a system developed to SCREW US!!!

"I cannot and will not cut my conscience to fit this year's fashions."
Lillian Hellman, letter to Committee on Un-American Activities of the House of Representatives, May 19, 1952

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