I have read several times that people are using their stock
winnings to spend instead of investing it for the future.
Although I am not crazy enough to do that myself I know of
people who do, and I wonder what explanation you have for
how they will continue to spend lavishly as in the past.
This is an example of people with more money than brains.
sorry, but I disagree. Money is made for spending as well as investing. At one point in July of 1997, I had made enough money in options t=so that I could have cashed out for a very nice new car. But did I? No, I "wisely" "reinvested" (okay I know options aren't exactly an investment). Now within a week or so from today I will be getting a second mortgage because my 1990 Olds is on its last legs.
I coulda drove a beemer (or a Grand Prix like I'm buying) with no payments. Lesson learned. Money is made for spending, too.
Where do you think the Beanie Babies craze comes from? Why
are people building lavish homes that really stroke their
egos but they honestly DON'T NEED. The same goes for the
"Supersized" sport utility craze. What gas hogs!
The beanie babies craze has zero, zip, nada to do with people who enjoy living in fine homes. I've never known someone to want a beanie baby, so I'm not sure what the psychological profile is. As for the supersize sport utility vehicles; some people do need big vehicles because they have big families. I come from a family of nine children, my oldest sister and her husband have eight, another sister and her husband have six, and so on. And they really do enjoy having large houses, also. |
