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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: elpolvo who wrote (4658)	3/12/2000 9:06:00 AM
From: Jill	Read Replies (3) \| Respond to of 8096

Polvito! Welcome to the Options Cafe. I'd love it if you'd enliven our conversations with your classic posts. I keep thinking there's a "gotcha" too. I think the gotcha is if the stock tanks and you end up with significantly less capital. Altho that's a gotcha anytime. I was having a very interesting discussion about this and should probably post it on the porch instead but maybe I'll post it here and reference it on the porch. It's about freedom. Have you noticed (or perhaps not) that when you try to tell friends/family about investing, they don't take it in? They complain about $, they have to work too hard, but if you say you can help them, although they act interested, they don't "act"? I keep noticing this. At the same time, I was trying to sort out my own feelings about buying stock and selling cc and having no attachment to the stock being called away. And I realized that I wanted to "own" my stock (such as QCOM), because it makes me feel safe. And I wanted to continue building my portfolio for the same reason. It's psychological and its embedded deep in our nature and in our culture: the idea that we are not free, that we don't even want to be free, that we want to be bound to rules and obligations and circumscribed lives, because in that is safety, and we're doing what everybody else is doing. Some people feel this way about real-estate and land as well, "owning" land is safe. So the question is, how free do any of us want to be right now? I tend to have lived a freer life than most, by choice, but I am amused at myself, because part of the reason I'm reluctant to use Voltaire's strategy is that I still want to own my stock, and build my portfolio--as if it was a foundation I could actually stand on. I know others have felt this, but when they achieve their goals, (a million, 3 million, whatever), that never seems "enough." They don't stop. It's as if the number is never big enough. So they can never really feel secure--or in contrast free--until they change their basic assumptions and approach. So there's psychology behind this--and it's really the psychology of the way we all live in the world, fundamental assumptions that are embedded in all of us. Thots?