This one's for my Dad
Message ID: 265960
Posted By: saltydogmn
Posted On: 2005-05-16 13:57:00
Subject: This one's for my Dad
Recs: 20
Thanks for the excellent summary, Gary. That's the same sentiment expressed by my Dad, shortly before he passed away back in 2002. Unbeknownst to me, his securities broker was really pushing him to put some money into the stock market through money market funds... of course, he touted the aggressive approach as the best way to go, and he ended up putting 20,000 dollars in, with about a 80% high risk/20% low risk scheme.
Not more than a week later, the Microsoft ruling hit, and my Dad lost over half of his money, never to see it again. Where did it go? No one could tell him. All I know is it literally killed him to know he, and millions of other average Joes, had their retirement nest egg virtually stolen from them. I know, investing is always risky, but I blame the idiot broker for pushing a twenty-something plan on a sixty-something investor. It was totally ridiculous, and I'll never forgive him, or his parent company (Prudential). It was bad enough having this happen, and less than 14 months later, he died from lung/brain cancer. His attitude was great, though. He used to tell me things like "You think what I'm going through is bad? Those guys at Prudential would BEG for chemo, if they knew what they have to look forward to down the road. Karma is a bitch."
I can only hope the same applies for the principals of this scam, from top to bottom.
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Posted By: saltydogmn
Posted On: 2005-05-16 13:57:00
Subject: This one's for my Dad
Recs: 20
Thanks for the excellent summary, Gary. That's the same sentiment expressed by my Dad, shortly before he passed away back in 2002. Unbeknownst to me, his securities broker was really pushing him to put some money into the stock market through money market funds... of course, he touted the aggressive approach as the best way to go, and he ended up putting 20,000 dollars in, with about a 80% high risk/20% low risk scheme.
Not more than a week later, the Microsoft ruling hit, and my Dad lost over half of his money, never to see it again. Where did it go? No one could tell him. All I know is it literally killed him to know he, and millions of other average Joes, had their retirement nest egg virtually stolen from them. I know, investing is always risky, but I blame the idiot broker for pushing a twenty-something plan on a sixty-something investor. It was totally ridiculous, and I'll never forgive him, or his parent company (Prudential). It was bad enough having this happen, and less than 14 months later, he died from lung/brain cancer. His attitude was great, though. He used to tell me things like "You think what I'm going through is bad? Those guys at Prudential would BEG for chemo, if they knew what they have to look forward to down the road. Karma is a bitch."
I can only hope the same applies for the principals of this scam, from top to bottom.
------------------------------------------------------------
The text of this Yahoo Message Board post has been licensed for
copying and distribution by the Yahoo Message Board user "saltydogmn"
under the following license:
License: CC Attribution-NonCommercial-ShareAlike v2.0
------------------------------------------------------------