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STOCKTALK

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To: Secret_Agent_Man who wrote (151098)	2/13/2002 4:14:57 PM
From: oldirtybastard	Read Replies (3) \| Respond to of 436258

that's because you realize that you never want to willingly revert to a lower standard of living than the state you are in here and now, though you have been there before and been ok with it. That's why almost everyone hopes stocks will go to the moon -g-

To: Secret_Agent_Man who wrote (151098)	2/13/2002 6:20:00 PM
From: GraceZ	Read Replies (1) \| Respond to of 436258

Its a conundrum. My husband grew up extremely poor, 10th of 10 children and his father died when he was less than a month old. He's done quite well for himself considering, yet he has never gotten over growing up poor. Being married to him is sort of like being married to someone who grew up during the depression. He's risk averse in the extreme. I once tried to get him to write down on a piece of paper how much money he needed in the bank to feel OK. I figured whatever the figure was, we'd get it and put it in the bank so he could feel like he wasn't at risk anymore. I finally realized that no matter how much money we both made, no matter how much money I socked away or made in the market, it was never going to be enough. He kept raising the bar. Funny thing is that even though we aren't nearly as well off now as we were two years ago, he's actually calmer now then when we were rolling in it. Its the fear of losing that kills people. If you are going to work in the market, you have to get over that fear of losing because the worst thing to be is completely risk averse. The greatest gains are always wrestled from the jaws of risk. In order to take risk you have to get over your fear of being poor.