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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (59327)	8/30/1999 3:28:00 PM
From: J. P.	Read Replies (1) \| Respond to of 86076

Most regular people don't have any stock at all. They might have a 401k that doesn't play into their day to day finances. A lot of my yuppie friends have stocks, but a lot of times they invest in stuff that doesn't make them too much money, or they attempt to trade and thus lose money. I think the "wealth effect" may be a funtion of full employment and job security. Why save if you know you can find a new job right away should something happen? Why not just charge up the credit card at Circuit City if you feel secure in your income stream?