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To: GraceZ who wrote (161345)	4/22/2002 11:11:54 AM
From: Mike M2	Read Replies (2) \| Respond to of 436258

Grace, market history shows that periods of outsized returns are followed by periods of poor returns. If I put 10,000 in the DJIA in 1929 by 1954 I still had $10,000 nominal dollars with deflated purchasing power. In 1966, if I put $10,000 in DJIA by 1982 I still had $10,000 with significantly less purchasing power. I think most of us can agree that a combination of good stock selection, market timing and luck can minimize the need to save for a small portion of the public. In the aggregate the public cannot beat the market because the public is the market. mike

To: GraceZ who wrote (161345)	4/22/2002 11:14:49 AM
From: LLCF	Read Replies (1) \| Respond to of 436258

<<You don't invest your savings? You don't think of the return from your investments that are re-invested as "savings"?>> No, I invest my investment money, and save my savings! It was Lynch or Buffet that said buying stocks is like starting a company... you put that money in for DECADES. <<For the most part savings are always invested (unless it's cash in the mattress) for return of some sort.>> Yes, but at whose risk... if you put in in the bank, and they lend it out... that's THEIR problem. You're saving. <<My argument is that only certain returns re-invested are counted as adding to savings. >> Yea, returns on savings. <<You can make pretty good money without earned income, if I save that its not saving because I didn't WORK for it? How ridiculous. >> You're going in circles again... that's not what the topic was... just drop it. DAK