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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (2275)	2/25/1998 2:25:00 PM
From: posthumousone	Read Replies (2) \| Respond to of 5676

I have no debt, pay off all credit cards each month and invested wisely, pay my taxes. However, I wonder if I am being a sucker for "following" the rules. Sure there is a lot of debt out there. But Everyone just files for bankruptcy. Its the IN thing to do. Buy all you want and get to keep it later even after you declare bankruptcy. There is no shame in filing anymore. In fact I am constinently hearing ads on the radio discussing how easy it is to file. Can't pay your income tax ....NO PROBLEM.....you don't have too, call us. Stocks drop, interest rates rise, more and more people file bankruptcy, and feel no pain. I guess I really just don't get it. I'm 30 year old engineer, and by no means as experienced investor as anyone here. I thought maybe there was a bubble. Maybe I am being too cautious. Don't time the market, it will all work out in the end. Stocks out perform. A stranger struck up a converstaion with me in a bar this weekend. He was a 26 year, 2 year exp. Broker. He kept saying how much money he is making. Buy HP, buy this buy that. I asked him if he ever thought there would be a bear market. He said "NO, the old rules don't apply anymore, its a whole new ballgame." People where I work just keep looking for the hottest fund. I'm parking my money in that Fund, they say. Others just keep "dollar cost" averaging saying they don't know where its going don't want to know. They just know they will make money. There Finacial advisors says so. As I watch the market go up and away I am starting to think there is no bubble and I should put more money in. Just confused, thinking I made a mistake of "pulling out" to soon and having cash ready. Maybe I'm wasting TOO much time trying to learn about the economy, markets, world events. Thought some might be interested in what an average investor is thinking.