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Pastimes : POST TECH-DOTCOMBOMB DEPRESSION SUPPORT GROUP -- Ignore unavailable to you. Want to Upgrade?


To: levy who wrote (2)12/7/2000 9:06:21 PM
From: sandintoes  Read Replies (2) | Respond to of 71
 
.....I know it is hard to talk about but its healthy to do so....

Dear Dr. Levy. you're right it is hard..I have a wedding coming up and my portfolio has lost half of its value. My question, should I cancel the wedding?



To: levy who wrote (2)12/8/2000 12:21:37 PM
From: Tom Clarke  Respond to of 71
 
Well, I took a pretty good whack. So much so I had to move out of a house I was renting in a nice neighborhood and into a house I had purchased when things were flush as an investment property. My neighbors now carry lunchpails rather than briefcases. And damn, I'm sure gonna miss that pool. But with the bills now cut drastically, I think we can keep the wolves from the door.

I know there are many people who weren't as lucky. I recall a guy on Gilder's message boards who spoke of suicide. Several people probably lost their houses. For those that have children, the hardship must be very difficult. Not having kids allows for adaptability to circumstances. My wife and I are enjoying simpler things, even going a little bohemian. We find that going without some things we used to take for granted isn't so bad. Of course, we have the peace of mind of owning a nice house back east that we collect a nice monthly rent on, and we could sell that for a tidy sum if it ever came to that.

For those who don't have that kind of thing to back them up, they should remember that in America nobody is poor, really. There is always a way out of trouble. We may have to eat a little crow and carry ourselves with a little humility for awhile to get back to where we were, but we can get there.

Best of luck to you, I hope you weren't hammered too much in the Great Vaporization. To paraphrase TS Eliot, April was a very cruel month.