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To: Sam Citron who wrote (101130)	4/16/2000 11:59:00 AM
From: GST	Read Replies (1) \| Respond to of 164684

Sam: You can say that we have become complacent about having savings instead of speculative investments. Here is something I just posted on another thread to somebody who claimed that owning stock is the same as having savings: <Ron: Some cases are more extreme than others -- a lottery ticket or net stock are extreme examples -- but the same distinction applies to all stocks -- they are speculative investments, not savings. Some are pretty low risk bets in the long-run, at least low risk in terms of probability of going bankrupt. Others are really risky bets -- Lottery tickets and net stocks. But none of them are "savings" Not one. If you own stocks and have nothing else, you have no savings -- you have investments. You could liquidate and go to cash (or gold) and then you would have savings. <one should not underestimate the power that ecommerce will ultimately play on the overall economy.> I don't. <. AOL and GNET are two that come to mind.> The only net stock I own is AOL -- I also own LSI and ISLD which I have been buying the last couple of days. Oh, and I bought AMD Friday. Good luck Ron