Posted by bad_luck on 6/16/2014 12:52:00 AM (view original):
Posted by bad_luck on 6/15/2014 7:55:00 PM (view original):Moy?
Posted by tecwrg on 6/15/2014 6:50:00 PM (view original):Nope. It's everyone.
No, I don't think so.
If you were hungry and had one cheeseburger, that would be great. It would fill a need. If you had a second, it would probably also be great. But you probably aren't hungry after two, so a third doesn't do you as much good. A forth does even less. A fifth less than that and by the time you got to burger 6, you're probably in negative utility range.
Agree, yes or no?
Again... This is a law regarding consumption of goods and services.... You are going to the wrong investment advisor if they are talking to you about eating 6 cheeseburgers. Mine discusses risk tolerance, principle guarantees, and ROI.
Unlike my stomach my bank account doesn't get 'full'.... Nor do I suffer side effects like obesity and high cholesterol from making what you would call 'too much' money. The more money I have gives me more options.... Hey someday I might want to buy my favorite sports team in which I'd need way more than $100 million dollars. If the money is not there I can't buy it so its not just about consuming cheeseburgers today..... But more about having enough access to cheeseburgers for the rest of my life.... And then my kids lives... And my grandchildrens lives. You keep looking at this issue in a vacuum TODAY.... Savers save for the unknown. 'You can never save enough money cause you never know what will go wrong'.... I'm saving for an uncertain future which means I have a minimum threshold that I feel comfortable with (so I can sleep at night) and I don't have a maximum threshold because I don't know what the future holds. Make sense?