I cashed out in Nov. ’05 and have all of it in CD’s and money market accounts, hence my handle “cashman”. Looking back, that was foolish as the stock market did really well during this period. But if I was afraid to commit money to the markets then, I’m terrified now. Perhaps I’m missing something, or the whole world has gone mad. I’ll be talking to Rich when he gets back from Europe. The problem I have, is that every time I’ve given money to a professional money manager, whether it be through a big brokerage firm or an independent, I’ve lost money. That’s why my money’s been parked in safe, low returning (around 5.5%), bank accounts. I, too, am open to suggestions.
