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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.60+1.5%Nov 25 3:59 PM EST
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To: Victor Lazlo who wrote (123532)4/11/2001 7:49:39 PM
From: GST  Read Replies (2) of 164684
 
Victor: Real estate speculation is not "savings" any more than stock speculation is "savings". Do you not understand the difference? It is people who were too thick to understand the difference that helped pump the bubble -- this tends to be true also in real estate. In markets with rising asset prices people borrow money and buy assets hoping to sell them for more money later -- this is speculation, not savings. The same is done with stocks -- putting money at risk in the hope that assets prices (stock prices) will rise. Some people also leverage these bets -- they buy on margin or mortgage other assets. If you speculate and make money, good for you. But many speculators lose money -- too bad for them. In neither case is this "savings" -- is this too hard to understand? When I buy real estate equity, not to mention when leveraging that equity by borrowing 3 dollars for every dollar of equity -- when I do this I am putting that money (the equity) at risk. I risk losing the money if the asset falls in value -- and real estate is notorious for BOTH rising AND falling in value. Stocks go up and down in value as well - as I am sure you have noticed. You might want equity in real estate. You might want equity in stocks. But just because you want to own equity does not mean that you can call it "savings". It isn't.
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