[ladyjane]

They didn't know any better.

Does anyone over the age of 12 NOT know that you must diversify investments? You are gambling if you don't.

In New England when Bank of New England went down the same thing happened. Some of the employees had only BONE stock in their portfolio. IIRC the fed bailed out the bond holders, not stock holders.

[sitetest]

Dear ladyjane,

"Does anyone over the age of 12 NOT know that you must diversify investments?"

Yes.

It's dismaying, but a lot of folks know just about nothing about how to invest in financial assets.


sitetest