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To: peeps36

It really wouldn’t have mattered. Any firm you picked, with instructions like that, would have lost money. I think limiting the capital loss to only 10% shows JPM invested the money relatively conservatively. There were many structured high-income vehicles advertised as ‘safe’ that lost more than 50%.


6 posted on 12/21/2009 4:25:59 PM PST by proxy_user
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To: proxy_user

Client probably bailed at the bottom too.

I’ve been 20% with JPM for over a decade.
Was -5% at the bottom.
That 20% has never been ahead of the other 80%.


9 posted on 12/21/2009 4:50:50 PM PST by UnbelievingScumOnTheOtherSide (IN A SMALL TENT WE JUST STAND CLOSER! * IT'S ISLAM, STUPID! - Islam Delenda Est! - Rumble thee forth)
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To: proxy_user

20% equities if that wasn’t clear.


10 posted on 12/21/2009 4:54:01 PM PST by UnbelievingScumOnTheOtherSide (IN A SMALL TENT WE JUST STAND CLOSER! * IT'S ISLAM, STUPID! - Islam Delenda Est! - Rumble thee forth)
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