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To: chic_hearne who wrote (35385)	4/12/2001 8:41:13 AM
From: Poet	Respond to of 35685

Hi chic, Interesting scenario! Someone who posts on this thread -- Bonnie -- has taken some of those steps, and I think quite rightly, as she lives in the tech nest of Austin, where real estate will surely feel the pinch if we're heading into a recession. If I were young(er), single, and market-savvy, what you're describing is exactly what I'd do. I'm not sure there's much more easy money to be made in this bear. Yes, it's true that the Dow will likely make a fall, but because of its size and greater variation of industries, I'd be surprised if it tanked as cleanly as the Naz did. From the little I know about bear markets, they're often marked by generally downward trending sawtooth patterns, which are hell to trade. My own trading has become much less efficient and my whipsaw percentage is increasing dramatically because of this. Mr. Poet and I have been preparing in our own way: half my trading money has been put in in low-risk bonds, we're doing the Yankee "drive your car into the ground" thing, and have curtailed travel in order to save for picking up another rental property (we've got one already) on the cheap in the next couple of years. IMO, your thinking is sound.

To: chic_hearne who wrote (35385)	4/12/2001 8:39:40 PM
From: bonnuss_in_austin	Respond to of 35685

Hi, chic ... I'm doing, as our friend Poet indicated, many of the life-changing things you outline in this post. I am here in Austin, Texas, in the first place, because my career opportunities lay here ... in tech. First 'good job' with TXN ... in marketing communications, which is an extremely competitive field to begin with. I won't review all the boring details, but in essence, my entire life and fortunes have been shaped by high tech since 1983. It's time to 'take profits.' Mimimize the cashflow, to boot, IMO. And, the burden of responsibility! I can't wait! I'm in a position -- deliberately planned and executed -- where I have more flexibility than so many, to fairly quickly liquidate and 'downsize.' I don't have children in schools, for example, where uprooting might cause sociological problems, etc., and all that goes with that. I'm going to rent for six months to a year ... and then decide whether or not to buy here ... or elsewhere. Because I have no 'strings,' I can basically do anything ... or go anywhere ... I want. Let me ask you: do you have a career? One that might give you reliable income, benefits, etc? Employability not only now, but 15-30 years from now? I think that makes a huge difference in assessing one's ability to ... well, get thru life, actually <g> Skills, education to 'fall back on'. Just in case. To produce living expenses. Spending all of our time obsessing over the stock market has another toll: time spent that otherwise might be directed towards making money in a much more 'solid' way ... working for a living. To be perfectly honest with you, many of the 'wealthy' I have met both in person and on these boards are some of the most miserable and 'unsatisfied' people I know. Not a whole lotta fulfillment 'living the luxury life' ... all the material goods ... what a pain in the ass. <g> Just means the burden of maintenance, worry, etc. Ramblin' ... status sux ... LOL. bia