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Politics : Mainstream Politics and Economics

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Brian Sullivan

sm1th

To: koan who wrote (53009)	9/7/2013 11:22:30 AM
From: Brumar89	2 Recommendations Read Replies (1) of 85487

About people's attitudes to your losses ... I think most people think you were foolish and greedy and gambled away your retirement. That's sad and tragic, but you brought it on yourself. Worst, not that long ago you were enthusiastically posting about going to casinos and "fleecing drunks and amateurs" out of their paychecks. Don't you learn? Did a desire for an ego boost (see how smart I was) and the thrill of winning play a hand? The point of saving and investing should be to acquire assets that will give you an income to replace your salary when you retire. Dividend growth stocks are good. Subject 56874 Ditto is rental real estate. Since you're in real estate, that might be a good thing for you to put money in. Real estate takes time and work to sell so its harder to take it to the casino and gamble it away. As for helping your kids buy houses, you won't live for ever so eventually your kids would have gotten your assets and that can help them buy houses or pay down a mortgage. Another good thing about leaving them investment property is the tax basis gets written up to the date of death and not decreased by capital gains taxes. Even better than leaving property to your kids would be leaving some of it to your grandkids so they could get those educations you talk so much about. Proverbs 13:22 "A good man leave an inheritance for his children's children ..." But hey, if the government would just take care of everyone like liberals think it should, we wouldn't have to grow up and be responsible ourselves. One more thing. Pascal's wager was about faith in God, not swinging for the fences for tenbaggers on warrants.

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