Bill Wexler's Dog Pound Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Bill Wexler's Dog Pound

REFR 1.850

+1.6%

Nov 13 3:58 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bill Wexler who wrote (6239)	1/21/2000 10:54:00 PM
From: BelowTheCrowd	Read Replies (2) of 10293

Bill, I can't disagree. What I see around me is scary. People with less than me quitting their jobs and becoming "retired" in their 30s and 40s on the strenth of portfolios that are barely touching seven figures. After all, if you've got a million bucks, that's pretty much the same as a $200,000 paycheck right? The market always gets 20% or more for smart investors, doesn't it? A few days ago you posted that when the market suffers a decline, there's going to be a world of hurt out there. I beg to differ. It doesn't take a decline. All it has to do is move sideways for a year. Whether you're a Valley homeowner who has mortgaged the place to invest in the stock market or a silicon baby who thinks she can live forever off a barely 7-figure portfolio, you're going to be in HUGE trouble when things slow down. At that point, stocks will be fetching fire-sale prices as people scramble to stay afloat. Also expect job re-training to become a big issue at that point. Lots of people, especially technical types, are going to find themselves quite obsolete when they suddenly realize that a job is a necessity. mg

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next