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To: Robert Graham who wrote (949)	9/2/2000 11:35:23 AM
From: richard lionhearted	Respond to of 1426

no matter if u daytrade, short term trade, long term investor--when u hit the sell button u either win or lose,,zero sum no matter what. i think it would be a disaster to let people use some of there ss money to invest---most would look to get rich and lose it all--jmho

To: Robert Graham who wrote (949)	9/2/2000 12:12:44 PM
From: Tai Jin	Read Replies (3) \| Respond to of 1426

Even in a day trader stock, use of the term zero sum is not very meaningful. Consider a stock that opens at some price and increases without any downticks to close higher. In this case all day traders make money. Not even the investors lose any money. The only people who can possibly lose money in this scenario are those who went short. And for it to be considered zero sum the shorts have to equal the longs. If considering the market as a whole on any given day, zero sum is still meaningless. Zero sum is truly only meaningful in a closed system, and the market is not a closed system due to net inflows or outflows and the changing set of investors. Since its inception, the market has generated net wealth. Some people have been losers, but overall the winners have far exceeded the losers (both in numbers and in value). So far all the evidence suggests that the market is not a zero sum game. ...tai

To: Robert Graham who wrote (949)	9/2/2000 9:28:35 PM
From: Dominick	Read Replies (1) \| Respond to of 1426

I believe investing a portion of your SS tax in the market would greatly benefit the public even if it is a top. Naturally there would have to be parameters. For ex. 1-Max 25% total of SS tax. 2-Securities limited to Spyders or Indexs only: Large Cap, Medium cap,Nasdaq,Bonds and Money market. 3-Max allowable percent invested 10% for any Large,medium Nasdaq or Bond indices. Money Market up to 100%. 4-Age ?? Numbers need to be crunched. Dollar cost averaging would nullify investing at market tops. Just my humble opinion, Dominick