Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (32082)	4/2/2008 2:08:47 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 219466

Good point and I am still too much dependent on counter-parties. <all the while get away from counterparties to the extent one astutely can and must. > My main concern is people "minding" my money for me. I should turn my money into something with my name on it. But I figure I have some breathing room. I like to panic first, but preferably after I see the actual fun starting which I must avoid. I enjoy escaping with the skin of my teeth. Safety is a bit too boring. There are apparently people who are so safety-conscious that they buy insurance of various kinds, such as for their cars, houses, chattels, their directorships, health and even their lives. "If I die, I win, if I don't die, you win? Okay, it's a bet. Here's my money!! Now, I hope I die and win." That's not a bet I like. Heck, at one time, in the 1980s, with BP Oil insurance/guarantees on my life, I would have been more valuable to my family dead than alive. I don't like people to think too long along those lines. Similarly, car insurance. Car driver phones insurance company, "I bet you I crash my car." Car insurance company says, "We bet you don't." Driver says "Okay, you're on. Here's my money." There hasn't even been a Northern Rock yet in the USA. I'd like to see a bit of a run on various companies before I join the herd. I'd feel a bit silly running around shrieking in panic on my own. There is certainly LOTS of financial relativity theory action to happen of cosmic crunch proportions. Mqurice