Comments on: The Depression All Over Again – Don’t Let This Be You. http://www.mytwodollars.com/2007/11/23/the-depression-all-over-again-dont-let-this-be-you/ A place to discuss money...for the rest of us. Fri, 10 Feb 2012 05:21:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Invest with Daxhttp://www.mytwodollars.com/2007/11/23/the-depression-all-over-again-dont-let-this-be-you/#comment-23541 Invest with Dax Sat, 24 Nov 2007 02:34:42 +0000 http://www.mytwodollars.com/2007/11/23/the-depression-all-over-again-dont-let-this-be-you/#comment-23541 I agree. You should consider that you probably built up your savings. Sometimes you get roadblocks and sometimes you don't. Just consider that you hit a roadblock early on and you never had that $38K to lose. Its all relative. You'll find that things are never as bad as what our mind conjures them up to be. I agree. You should consider that you probably built up your savings. Sometimes you get roadblocks and sometimes you don’t. Just consider that you hit a roadblock early on and you never had that $38K to lose. Its all relative. You’ll find that things are never as bad as what our mind conjures them up to be.

]]> By: Enough Wealthhttp://www.mytwodollars.com/2007/11/23/the-depression-all-over-again-dont-let-this-be-you/#comment-23540 Enough Wealth Sat, 24 Nov 2007 02:24:18 +0000 http://www.mytwodollars.com/2007/11/23/the-depression-all-over-again-dont-let-this-be-you/#comment-23540 Worrying about losses (eg. unable to sleep) relates to your risk tolerance. But getting suicidal over losses seems unrelated to risk tolerance. To decide to kill yourself I imagine you'd have to be severly depressed and feeling despondent already. The financial loss is just a trigger, similar to any other stressful event such as job loss, divorce, illness, death of a loved one etc. Rational thoughts about whether or not the setback can be overcome in the longer term don't apply - otherwise all suicides would be done by people with large life insurance policies that they'd held for at least 13 months. Worrying about losses (eg. unable to sleep) relates to your risk tolerance. But getting suicidal over losses seems unrelated to risk tolerance. To decide to kill yourself I imagine you’d have to be severly depressed and feeling despondent already. The financial loss is just a trigger, similar to any other stressful event such as job loss, divorce, illness, death of a loved one etc. Rational thoughts about whether or not the setback can be overcome in the longer term don’t apply – otherwise all suicides would be done by people with large life insurance policies that they’d held for at least 13 months.

]]> By: MoneyNinghttp://www.mytwodollars.com/2007/11/23/the-depression-all-over-again-dont-let-this-be-you/#comment-23539 MoneyNing Sat, 24 Nov 2007 01:56:57 +0000 http://www.mytwodollars.com/2007/11/23/the-depression-all-over-again-dont-let-this-be-you/#comment-23539 Yikes! I wonder if that person who lived will find better meaning for his life after he recovers! Yikes! I wonder if that person who lived will find better meaning for his life after he recovers!

]]> By: JoeTaxpayerhttp://www.mytwodollars.com/2007/11/23/the-depression-all-over-again-dont-let-this-be-you/#comment-23537 JoeTaxpayer Fri, 23 Nov 2007 21:51:16 +0000 http://www.mytwodollars.com/2007/11/23/the-depression-all-over-again-dont-let-this-be-you/#comment-23537 People who have a good sum invested need to understand their own risk tolerance. If a 50% drop in the stock market will keep you up at night, your portfolio has too much stock in it. For some people, this means 50% stock/ 50% cash (bonds). For others, a higher percentage is ok. I did well enough the the late 90's that the crash didn't keep me up, I was still better off than before that boom. No loss is worth suicide. JOE People who have a good sum invested need to understand their own risk tolerance. If a 50% drop in the stock market will keep you up at night, your portfolio has too much stock in it. For some people, this means 50% stock/ 50% cash (bonds). For others, a higher percentage is ok. I did well enough the the late 90′s that the crash didn’t keep me up, I was still better off than before that boom. No loss is worth suicide.
JOE

]]> By: boomiehttp://www.mytwodollars.com/2007/11/23/the-depression-all-over-again-dont-let-this-be-you/#comment-23535 boomie Fri, 23 Nov 2007 21:19:28 +0000 http://www.mytwodollars.com/2007/11/23/the-depression-all-over-again-dont-let-this-be-you/#comment-23535 Watch the movie: "It's A Wonderful Life" and see the true meaning of money. We don't realize how our lives touch the lives of others and how we can positively affect another human being. We are born into this world without money and we will be leaving without money. That's how stupid and ridiculous the pursuit of money can be (when you realize it). Please people: don't worry about a thing. It always works itself out. Watch the movie: “It’s A Wonderful Life” and see the true meaning of money. We don’t realize how our lives touch the lives of others and how we can positively affect another human being.

We are born into this world without money and we will be leaving without money. That’s how stupid and ridiculous the pursuit of money can be (when you realize it).

Please people: don’t worry about a thing. It always works itself out.

]]> By: plonkeehttp://www.mytwodollars.com/2007/11/23/the-depression-all-over-again-dont-let-this-be-you/#comment-23534 plonkee Fri, 23 Nov 2007 20:04:57 +0000 http://www.mytwodollars.com/2007/11/23/the-depression-all-over-again-dont-let-this-be-you/#comment-23534 I've always wondered whether some people do it because the debts can't be inherited. In any case, I'm 100% certain that it's not worth it. I’ve always wondered whether some people do it because the debts can’t be inherited. In any case, I’m 100% certain that it’s not worth it.

]]>