Originally Posted by GreenF350
I know the feeling. I was talking to a buddy of mine and he was complaining about his kids "college fund" disappearing into thin air, and no end in sight. I explained to him, that I used to feel bad when he would lecture me on how I needed to save and invest more instead of spending so much money on "toys". Now I feel a little bit smug, because so far all my toys are still there. I still have my truck, 4 wheelers, motorcycles and boat, what does he have to show for his hard work? We all know I am just talking out my hind end, but the theory makes me feel a LITTLE better and gives me reason to spend more money on fun stuff. At least I'm paying my bills myself and haven't had to take you guys money.
You make a valid point, you have your possesions, your buddy and my family don't have what we started out with. The risks of the market I realize, but I think things are far too different nowadays and our future will be nothing like our parents and grandparents had.
My wife and I are watching the market like a hawk. We have our sell numbers in place as soon as it hits either the high or the low we are out. I don't know that we'll invest in the market again. We'll take what's left, and invest it in some necessities we will need once this house of cards collapses..........and I strongly believe it will if there are significant
reversals that take place. This gov't taxing and spending cannot sustain itself.