yogatrader

Attention Locusts: The Party Is Moving to Merrill and AIG

Baby, if you are near retirement, and you're "losing money fast" dump your broker. Only reason you're down a lot is bc you have to much in stock (mutual funds), which only benefits you broker via exorbitant fees. Roll your IRA to a discounter like Schwab or Vanguard if possible. Believe me, I know brokers, and while I'm sure your's means no harm, (s)he is caught up in an awful ibank model that is unwinding very fast. Best of luck.