| ggggg9271@gmail.com: Dec 03 10:47AM -0800 https://www.cnbc.com/2019/12/02/why-advisors-encourage-these-older-investors-to-buy-more-stocks.html |
| rbowman <bowman@montana.com>: Dec 02 09:48PM -0700 > The simple life, as Westacott frames it, is something that can be opted into, and doing so is often a principled decision. But in many ways, it's easier to choose to live simply when one has more money. For one thing, there are the logistical efficiencies that money enables: Wealthier people can afford to, say, buy toilet paper in bulk, which has been shown to save them money as well as several trips to the store. And not having money may make it harder, psychologically, to be frugal: According to research by the Harvard economist Sendhil Mullainathan, poorer people aren't inherently short-sighted—the very fact of not having enough money or time "clogs up the brain," making it harder to deploy their limited resources in the most efficient way. Okay, I'll be the contrarian. Not all, but many, poor people I've known made extremely bad choices. They followed the same patterns their parents, who were also poor, did. Presumably their kids were going to keep the family tradition going. |
| rbowman <bowman@montana.com>: Dec 02 09:37PM -0700 On 12/01/2019 09:33 PM, The Real Bev wrote: > M-W! You could read about the features of the three grades and decide > what was worth the money and what wasn't. No pressure, plenty of time > to think about what you really wanted. We had the best of both worlds. https://www.facebook.com/MyUpstateNY/posts/522242111291012:0 It was both a store and the catalog warehouse so you could phone in an order from the catalog and go down to pick it up in a few hours. Sometimes what you got was better than what you ordered. My mother preferred the A&P (The Great Atlantic & Pacific Tea Company) which was about half a mile up Broadway. Friday nights was grocery shopping and usually a stop at Wards. My father and I would watch the guy demonstrating the ShopSmith or check out the sporting goods while my mother did her thing elsewhere. Sears was a latecomer. My mother-in-law preferred Sears but it was strictly order from the catalog and pick your stuff up in a week or so. Either one of them coulda, woulda, shoulda been Amazon but the timing was just off a little. |
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