Zeev's Turnips Patch-No Politics (ZEEV)

[JimQuinceH]

Lee, In reference to your question about a falling market, when working people invest part of their Social Security, in President Bush's partial privatization plan.

Some time ago I was talking to some 70+ year old folks who asked me when I thought their shares of Network Appliance (NTAP) would get back to the $120 per share, price that they paid for it in 2000. I told them "awhile".

Then there was a co-worker of mine who had 100% of his self directed IRA money invested in G D Ritzy's stock. G D Ritzy's IPO (here in Columbus, Ohio) was hotter than Wendy's stock (also headquartered in Columbus, Ohio) when it's IPO came out.
Unforetunately, G D Ritzy's fell on hard times, the company went bankrupt and ceased operations. My co-worker lost his entire investment.

I wonder how many folks will make these same types of errors, with the money from their privatization of their Social Security money?

Jim