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Old 10-21-2014, 04:48 PM   #21
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Old 10-21-2014, 04:56 PM   #22
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It's a buch of bits stored in computer systems.
I hope the banks are backing up their systems, in real time!
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Old 10-21-2014, 05:26 PM   #23
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Old 10-21-2014, 05:27 PM   #24
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Old 10-21-2014, 05:30 PM   #25
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Well apparently, money is people. Just ask the SCOTUS.
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Old 10-21-2014, 05:44 PM   #26
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Securdom = security and freedom
+2 Securdom
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Old 10-21-2014, 05:48 PM   #27
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tool (in the object that you use to do things sense, not the pejorative)
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Old 10-21-2014, 05:51 PM   #28
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I hope the banks are backing up their systems, in real time!
Sure they are. They get audited every year.

Don't worry the zombies will help recovering the data.

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Old 10-21-2014, 06:56 PM   #29
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Securdom = security and freedom
What easysurfer said.
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Old 10-21-2014, 07:08 PM   #30
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not much.
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Old 10-21-2014, 07:22 PM   #31
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A nice warm fuzzy feeling when I try to sleep at night
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Old 10-21-2014, 08:11 PM   #32
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Old 10-21-2014, 08:24 PM   #33
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Security!
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Old 10-21-2014, 08:30 PM   #34
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You know what it means to you when you don't have any.
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Old 10-21-2014, 08:53 PM   #35
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It pays the bills and provides the thrills....
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Old 10-21-2014, 10:52 PM   #36
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It means the freedom to do what "I" want to do. Having a constant amount of funds provides the security needed to maintain that freedom.
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Old 10-21-2014, 10:56 PM   #37
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Securdom = security and freedom
+1
It has a "truthiness" to it!
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Old 10-21-2014, 11:04 PM   #38
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I use it as a medium of exchange and for storage of wealth. Otherwise, could care less about it.
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Old 10-21-2014, 11:21 PM   #39
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To me, money means security, options and comfort--and if we are talking about a whole lot of money, it means stunning women. (But, that really does mean having a whole lot of money--at least in my case).
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Old 10-21-2014, 11:25 PM   #40
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You know what it means to you when you don't have any.
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It pays the bills and provides the thrills....
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I use it as a medium of exchange and for storage of wealth. Otherwise, could care less about it.
That's why I want even more of it, even though I am OK with my lifestyle now and doubt that I would change the way I live much if I were to have suddenly, say, 10X or 100X more.

It is because if my stash shrinks to 60c on the dollar like what happened in 2008, my WR changes from 3.5% to 5.8%, and that impacts my serenity. Instead, if my WR changes from 0.35% to 0.58%, or 0.035% to 0.058%, I think I would sleep better. Would you not?

OK, OK, if I suddenly have 100X, I would be tempted to spend more, and most likely would. But I guarantee you that my WR would be a lot lower than the 3.5% now. What do you think Buffett's WR is? Does he run FIRECalc after every market downturn like we do? See my point?
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