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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: GraceZ who wrote (6498)8/2/2001 12:40:07 PM
From: Cogito Ergo Sum  Read Replies (1) of 74559
 
Hello Grace,

Oh God !
(had a funny in a pleasant sense, thought as I wrote that line as of course that was one of George Burns last roles and of course his wife of many years was Gracie........)

Anyway, I know my head is going to start hurting again now but...

net worth is decreasing

Numerous friends of mine who have lived their whole lives beyond their means are now inheriting the assets that their parents spent a lifetime building


You're running two sets of books on that one, no ? To make this inclusion valid the inheritance should be on the books before today as an asset and of course a decline in net worth still follows.
In other words the collective net worth of parents and children has declined.

Being a middle boomer my parents still have time to mend their ways, blow their dough and let me support them LOL. My dad's saving his money for when he gets old ????? Parents, children.. what's the difference ?

regards
Kastel

OT: CB the patio is coming along very nicely thanks and is pretty well on schedule, which keeps my wife and kids happy, which keeps me happy and so it goes......

Well that's my banana break, back to the chimp work.


Our house had the biggest patio
Our house had all the summer shade
We had patio lanterns
I'd spend half the night making lemonade
Which we drank a lot
'cause we were all so shy


Patio Lanterns - Kim Mitchell
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