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To: GST who wrote (129328)	7/30/2001 6:35:55 PM
From: Randy Ellingson	Read Replies (2) \| Respond to of 164684

Victor: "home equity is an especially important source of wealth" I agree. It is another "equity market" which can draw funds from the stock market. And I'm a perfect example. Until last week, I had 85% of my "savings" in stocks. Now I'm searching for my first home. The net result of my investing efforts was a break-even, thanks to a balance between having begun buying shares several years ago, and also buying overvalued shares in the past year and a half or so. Anyway, I'm happy to have most of my savings in cash, and to be finally searching for a place of my own.

To: GST who wrote (129328)	7/30/2001 7:52:58 PM
From: Victor Lazlo	Read Replies (1) \| Respond to of 164684

yup, and I thought this part was very interesting, considering that business assets and stocks, bonds, mutual funds and retirement account assets are not counted as "savings" by the govt statisticians: "The two most important sources of wealth for millionaires are business assets (21 percent) and holdings of stocks, bonds, and mutual funds (23 percent). Retirement account assets (14 percent) and equity in one's main residence (13 percent) represent significantly less important sources of wealth. Inherited assets are also an important source of wealth for millionaires. Forty-five percent had received an inheritance whose median level was $125,000. "