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Author: bugabuga One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308881  
Subject: Re: Investing Question Date: 7/2/2001 11:33 AM
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Bret,

That's exactly what I mean. When I recommended to my insurance agent to get his money out of Janus (he was saving for a bigger house downpayment) he laughed at me. After 4 months he said he should have followed the advice.
It is good when you get 70% return, but it's even better when you fix that profit. You can reinvest those money later if you want but in most cases waiting until trend goes down is not a good idea I think.
And, as MSNBC showed today a string of warnings no goes on for this quarter and analysts started to push back the expected time of recovery.

I always think of invested money as money I can loose without getting a heart attack. And investing when you have a huge debt is not a good idea, that's what I said in my original posting.

I certainly hope that people will not spend all their money unwisely after they become debt free, but up to that point they have to abstain from investing into something that can wipe their accounts almost completely (even if it will come back with 10% profit after ten years)
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