Cancel The Boxster. My Portfolio's Been Pummeled

With the market shaky, watch out for the "reverse wealth" effect

Arnie Weiner and his wife, Merle, are going to hang on to their 15-year-old boat a little longer. For months, Arnie, a 53-year-old independent insurance agent in Phoenix, had been watching hefty profits pile up in his portfolio of tech stocks and dreaming of replacing his 20-foot Wellcraft ski boat. Not anymore. "We were talking about blowing a few extra grand on a new boat," Weiner says, "but then the market went down."

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