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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (2859)	6/30/2003 10:24:07 PM
From: GraceZ	Respond to of 4907

The thing that doesn't seem to get taken into account is human nature. Amen to that, I'm with you 100%. When push comes to shove the savings plan is usually the first thing out the window unless it's something that has a degree of forced savings like a mortgage, life insurance plan or automatic contribution into a 401. All of which can be lousy investments except when they are compared to no savings or investing at all (the lottery plan). When I sit down with people to help them figure out whether owning or renting would work out better, the very first thing I try to get them to talk about is what do they know about themselves, how do they feel about saving and investing, what are their habits, what kinds of returns have they been getting on their savings. Some people like my husband are really good about saving and paying bills on time but then they are far too conservative in their investments (I balance him out -g-)and would be better off investing in a house.