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To: GraceZ who wrote (161339)	4/22/2002 10:35:07 AM
From: TobagoJack	Read Replies (2) \| Respond to of 436258

Hi Grace, <<Oh please>> then, thank you for making my point better than it otherwise already was. Obviously <<most new start businesses fail>> does not apply to you, but still does apply to everybody else. <<I started a business when I fresh out of art school>> is a very difference risk profile than "let's start a business on retirement capital during retirement, having had no previous entrepreneurial experience otherwise". <<If you don't have much capital you have to be successful>> or concurrently or alternatively, must be careful. Bottom line, stocks have gone down, are going down, and will continue to go down, along with many businesses, home equities, retirement plans, and entrepreneurial fantasies. The drop will not be met half way by savings. If one believes most folks are not good at managing portfolios, one must also believe even less are good at managing businesses. But, of course, I understand your clients are very different from the average and median. Chugs, Jay

To: GraceZ who wrote (161339)	4/22/2002 11:11:20 AM
From: Ahda	Read Replies (1) \| Respond to of 436258

Jay is right and so are you the difference is one has knowledge the other doesn't. Fresh out of school you had not an idea in the world you could loose you had nothing to lose. Boomers who have received some pension or parachute benefits are well aware of the fact they are singularly responsible for their future upkeep. The definition of risk becomes more on sixty forty base where you showed with your screening you have to dump 58 percent of all stocks you are looking at to come up with the 42 percent who will have given you a return for your investment. There are more losers than winners obviously. You could find in starting an new business now that your approach would be a little different than it was when you finished school. Boomers who start business are usually those who do need the income. Frequently those business are not going to be as lucrative in terms as they would of been if the business was started directly out of school. You now have boomers who could very well be cutting back on expenditures right along with the boomers who don't feel that they want the stress associated with continued growth. This amounts to realizing the value that comes from your creek in Baltimore. We also have successful people having children in their late forties. These children become the priority. for those that have created sufficient income, the time required for that creation becomes an impediment of the new wealth called a baby, who is now the priority. This becomes the need for less hours and stress in money creation and more hours in another type of wealth creation. My brother sold his business several years ago he still works in it so he is not retired. The person he sold it to just sold the business to a conglomerate the return for that person was about the same as it was for my brother, if you consider inflation he received far less than my brother did for the business. There are more people competing in the same fields now. The end result for the business owner is you have to work much harder and your profit margin can end up being slimmer due to the competitive market place. If you don't have capital you have to be successful? What does this mean for those nations that have a higher poverty rate in a shared information age?