Posted by Steve Scott on 27 August 2001 at 12:57:15:
I have contributed a sizeable amount of money into Equitable life as an AVC
and I'm seeing it's value decreased by the ongoing decline of EL.
Although I
ceased making payments into EL over 18 months ago I am very concerned about the
safety and growth potential of the money that I still have invested.
I am
appalled that the IBM Trustees who choose EL are in my opinion are walking away
from the problem. Who is being held to account for this disasterous state of
affairs ?
I am not blessed with sharp financial skills and my knowledge of investment
markets in sparse, in essence I don't know what to do about my AVC savings. Any
helpful advice / comments would be gratefully appreciated.