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To: Victor Lazlo who wrote (100936)4/14/2000 11:20:00 PM
From: Robert Rose  Read Replies (1) | Respond to of 164684
 
<Most people get a lot more thrill, gratification, and status show-off currency out of toys than they do from the more esoteric/intellectual excitement of the markets. >

True, yet it works in reverse for me. Not spending money makes me feel wealthy, because then I still have that money (regardless of what others think). Spending money makes me feel less wealthy, because then I don't have that money (even if spending it impresses others with my wealth).



To: Victor Lazlo who wrote (100936)4/15/2000 12:16:00 AM
From: GST  Read Replies (1) | Respond to of 164684
 
Victor <record margin debt> I know that people have let their balance sheets tilt too far to stocks. If you have stocks on the one side of the ledger and lots of debt on the other -- a common situation -- then liquidating stock may not be enough to pay off the debt -- margin or credit card or house mortgage or personal loan etc. So much for "savings".


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