To: gcruse
The "Day-Trader" mentality is what got us into this mess. Yuppies checking their stocks every five minutes on their Palm Pilot while sipping cappuccino at Starbucks, like they were Gordon freaking Gekko, make me ill. I'm actually glad that self-absorbed era is now over and that the nation can get back to real work.
BTW, I'm not against investing in the stock market. I've been investing monthly since 1982. But I buy my stocks for the long haul. I haven't sold a single share in 20 years and I probably won't for another 15-20. I'm in for the long haul and see the current bear market as an opportunity to obtain more shares for my modest monthly contributions. And if I lose it all, what the heck. I would have blown it all on beer and pizza anyhow (and I still get plenty of that).
To: SamAdams76
Beer and pizza ain't a bad investment. You can return the empty beer bottles and actually get a dividend! No dotbomb ever paid a dividend.
To: SamAdams76
The "Day-Trader" mentality is what got us into this mess. "Yuppies checking their stocks every five minutes on their Palm Pilot while sipping cappuccino at Starbucks, like they were Gordon freaking Gekko, make me ill. I'm actually glad that self-absorbed era is now over and that the nation can get back to real work. That and the worthless B2B .com companies that the venture capitalists and the investment houses conjured up, took public and raped for their assets.
There were many people like Terry McAliff who used other connected cronies to turn thousands into millions at the expense of the little investors and 401Ks that followed.
Even Greenspan had to admit to the gross excess of the late 90s.
To: SamAdams76
And your net worth has fallen how much in the last three years?
35 posted on
07/16/2002 8:07:44 PM PDT by
rollin
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