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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (19737)	6/3/1998 10:43:00 PM
From: Mark Myword	Read Replies (2) \| Respond to of 94695

>> What could people do with their money besides invest it in stocks?<< Or put it in a C.D. at 5% , wait six months , and buy stocks at 30% off.

To: Oeconomicus who wrote (19737)	6/3/1998 10:54:00 PM
From: Bonnie Bear	Read Replies (2) \| Respond to of 94695

Bob: in a typical silicon valley household, 3 thousand per couple goes into the 401K every month. A maxed out 401K contribution plus company match disappears into the purple haze, never stopping to touch a paycheck. Most people think it's better than (a) getting no company match (b) paying taxes on it. It will keep going until the unemployment level increases by several percent IMHO. Most people have very little say about what the fund manager does with the money. Fund managers don't bother keeping spendable cash because there's more where that cash came from. Here in silly valley an older 3-bedroom house with a good school district is a half-million dollars. Um, I know a lot of people who use the stock market like a casino as their only hope of ever getting enough money for a down payment. As for myself, I'm mostly in cash. -g- If interest rates go up we'll see the mother of all kahunas. -g-