Comments on: Talk About the Law of Unintended Consequences http://www.dennisfassett.com/2008/09/17/talk-about-the-law-of-unintended-consequences/ Cash Flow Real Estate Investing, Training, Coaching, and Consulting Thu, 24 Feb 2011 23:50:11 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Dennis Fassett http://www.dennisfassett.com/2008/09/17/talk-about-the-law-of-unintended-consequences/#comment-290 Dennis Fassett Wed, 17 Sep 2008 19:32:18 +0000 http://www.dennisfassett.com/?p=431#comment-290 Dave - I agree about the emotional part. And it's a shame. Consider this - people are taking money out of their 401ks and other retirement accounts in droves - and locking in catastrophic losses in the process, only to roll what's left into gold, which just to happens to be within sight of its all-time high. It's unfortunate that they don't remember the last time gold was this high, and the beating that people took when it went back down. Reminds me of the old joke when I was a commodities broker - how do you make a small fortune in the market? Start with a large one. Only this time it's not funny It's sad watching the herd go to slaughter. Dave -

I agree about the emotional part. And it’s a shame.

Consider this – people are taking money out of their 401ks and other retirement accounts in droves – and locking in catastrophic losses in the process, only to roll what’s left into gold, which just to happens to be within sight of its all-time high.

It’s unfortunate that they don’t remember the last time gold was this high, and the beating that people took when it went back down. Reminds me of the old joke when I was a commodities broker – how do you make a small fortune in the market? Start with a large one.

Only this time it’s not funny It’s sad watching the herd go to slaughter.

]]> By: Dave Shafer http://www.dennisfassett.com/2008/09/17/talk-about-the-law-of-unintended-consequences/#comment-289 Dave Shafer Wed, 17 Sep 2008 19:25:19 +0000 http://www.dennisfassett.com/?p=431#comment-289 Interesting post. I think the movement back into real estate will be strong, but won't happen for a while. People are emotional creatures and we are psychologically attuned to be fearful more than greedy (fear losses more than crave gains). Meanwhile almost all my investments, both real estate based and equity based, are doing fine. Thankfully, I moved out of mutuals over the last 8 years! The real question is what a full decade of no gains is going to do to the financial planning of folks. They haven't really adjusted to that yet. Its troubling because the current generation approaching retirement lived through the golden age of investing and are approaching retirement with little to show for themselves. Interesting post. I think the movement back into real estate will be strong, but won’t happen for a while. People are emotional creatures and we are psychologically attuned to be fearful more than greedy (fear losses more than crave gains). Meanwhile almost all my investments, both real estate based and equity based, are doing fine. Thankfully, I moved out of mutuals over the last 8 years! The real question is what a full decade of no gains is going to do to the financial planning of folks. They haven’t really adjusted to that yet. Its troubling because the current generation approaching retirement lived through the golden age of investing and are approaching retirement with little to show for themselves.

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