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No. of Recommendations: 1

What are the reasons most investors invest? For profit, right? But the "fun factor" is part of the motivation, too, especially if the gains from investing aren't needed. Then profits become just a way to measure progress, or "rainy day money" that is good to have.

Charlie,

I dont want any tension in the room over what I am about to say....I dont want to admonish at all...period....but I do wish to make something of a point.....

if you own an insurer....ie WEB's insurers.....GEICO etc......then every bet you make has to be ultra safe and longer term generally......the liabilities are more than the collected premiums upfront......only by investing does WEB truly up his surplus.....

that liability for the average guy....or the more average guy than WEB.....is his retirement......

that said if some wall street fellow approached one of us to offer to 'play' or 'invest' or 'churn' our accounts......we'd rather shoot him....right???? the point being not to raise any tensions here on this board......I am raising tensions elsewhere.....but to make a type of value judgement on what the money means.....it is to cover a liability.....and on the individual or family level that liability is massive.....and hard fought for......

Dave
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