Here's an article referring to my friend. Missing you Daniel! Read below:The Great Recession has turned into the best of times for young investor Daniel Lee.
Early this year, the 30-year-old salesman in Scottsdale, Ariz., shelved expensive meals and vacation plans and threw "every spare dollar" into the stock market. The value of his portfolio has more than tripled as the market has rallied since March.
"This is like buying a swim suit in the fall or a winter jacket in the spring," he says. "Get in while it's a good deal."
Halfway across the country in Detroit, retiree Irvin Hall, 70, is living through the recession in a different way.
His mutual funds fell 35 percent during the stock market plunge that started last fall and continued for six months, and his monthly pension from General Motors dropped by 10 percent. He and his wife pay more for health care and medicine after the company reduced his insurance benefits.
"It takes your mind a while to really adjust to this," he says. "You're expecting, hey, I'm set for life, and then all of a sudden that's taken away."
Read the rest of the article here:
http://news.yahoo.com/s/ap/20091005/ap_on_bi_ge/us_meltdown_generation_gap
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