We had a great bull market for the past decade or so, and theinvestors who bought in at the bottom in 1981 and just held on havesome fabulous profits. Buy and hold was a good strategy for the1980s and a lot of mutual fund holders reaped the profits but decidednot to cash in their shares.
So imagine my surprise when I received a letter from one of mymutual funds, informing me that even though I had been re-investingmy dividends regularly and stashing the quarterly statements in myfile cabinet, I was at risk of losing my entire investment to thestate of Illinois.
That's right. According to Illinois law on abandoned property,any financial account that has not had …
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