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Re: Relentless losses     22-Sep-09 05:04 pm    
since march ABALX has been going up. I have been with Amer funds for 2 1/2 years, I switched from Fidelity. I watched my spreadsheet weekly comparing my old fidelity funds to the American Fds. They were BOTH beaten up badly and comparably. I got out early 2008 and got all of it into the Cash Mgt trust, when everyone told me just to leave it alone. I was in the same position you are, I didn't earn any money but I quit losing it ! Things have been steadily improving for 3 month, so I am moving back in. I think the rough ride is over, but there are still some bumps in the road for us all. I do agree that upper mgt at Amer is not available, I tried too, just to find out more about the company. During my inquiries, I was actually asked WHY I wanted to know the names of the upper managers. I told them that I was invested with them and had the right to know. Needless to say I wasn't told, yup it pissed me off, but in todays world, if anyone needed to be protected it was our financial advisors. Now, I will say this too. I bought into American thru my AIG broker. I kept asking him for advise as things went sour and eventually even refused to return calls. Now that is a REAL SOB ! Anyways, some one bashed Edward Jones, but I have a great relationship now with my advisor and they are working diligently and closely with me. I trust her.
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stan48312

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  Subject Author Rating Time of Post (ET)  
 
When will the bleeding stop!!!
rodney.goet... Rate it 26-Jun-08 05:41 pm  
 
Just sold, can not afford to stay for the long hau...
lindajp56 Rate it 10-Jul-08 12:45 pm  
 
Too bad. If you can't stay for the long haul ...
harryconnor... Rate it 17-Jul-08 07:47 pm  
 
Yes, you are so right I do not belong he...
lindajp56 Rate it 9-Sep-08 09:40 pm  
 
I didn't mean to sound snarky, but ...
harryconnor... Rate it 11-Sep-08 08:22 pm  
 
I too grieve for you and your losses. I think the...
stan48312 Rate it 5-Sep-08 01:26 pm  
 
Re: Relentless losses
stan48312 Not rated 22-Sep-09 05:04 pm  
 
Oh, I'm in for the long haul but I'm also a mere 3...
pfcwarner Rate it 9-Oct-08 07:34 pm  
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American Funds American Balanced A (ABALX)

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