X-Message-Number: 1820 Date: 24 Feb 93 23:37:05 EST From: MICHAEL RISKIN <> Subject: CRYONICS: Reply to P. Metzger Probably much to your surprise, I am personally an investor in OTC small-medium cap biotech equities. In fact, thats all I invest in. Even you might find that investment strategy "gambling" . Your painting a picture of me as "having an irrational fear of equities" or that my "head is in the sand" was an irrational assumption on your part. If you are a professional investment counselor, your first duty is to listen to the needs of your counselees. For example, it is well known that older clients, dependent on current income, and intolerant of short term losses often chose bonds over equities. Alcor is in a similiar position where our current needs are income, combined with an unwillingnes to place membership money in positions where nearer term losses of only 10% are possible, and unacceptable. If you know of an investment that produces 7% annual income while affording equity growth, with a substantial degree of capital safety let us know about it. You indicated that US bonds were themself unsafe in that they could be defaulted. I am not a professional researcher or financial advisor....so could you advise me as to the last time the US government failed to pay its bond indebtedness, and which bonds you believe we should stay away from because of factual reasons to fear their safety? Michael Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=1820