Comments on: Stock Volatility Kills http://www.moolanomy.com/1782/stock-volatility-kills/ Personal Finance. Investing. Wealth Building. Thu, 09 Feb 2012 18:55:29 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Nensi http://www.moolanomy.com/1782/stock-volatility-kills/#comment-22772 Nensi Thu, 30 Jul 2009 19:15:07 +0000 http://www.moolanomy.com/?p=1782#comment-22772 "If you counted those gains as real, you probably adopted a practice of spending more than you should have on cars and vacations and houses. Not good. That means that today you are suffering a double whammy. You have lost money in the stock crash. And you have also grown accustomed to a higher standard of living than was justified by your real portfolio gains of earlier years." This is simply really well said. Too many of us are bemoaning the loss of home equity or retirement assets, that we knew were too good to be true. I only wish I had thought this through a few years earlier, so at least I could have curbed my spending. Great post! NS “If you counted those gains as real, you probably adopted a practice of spending more than you should have on cars and vacations and houses. Not good. That means that today you are suffering a double whammy. You have lost money in the stock crash. And you have also grown accustomed to a higher standard of living than was justified by your real portfolio gains of earlier years.”

This is simply really well said. Too many of us are bemoaning the loss of home equity or retirement assets, that we knew were too good to be true. I only wish I had thought this through a few years earlier, so at least I could have curbed my spending. Great post!

NS

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