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I bet on red at the roulette wheel with my life savings and it came up three times in a row. Now I'm a millionaire
The best way to become a real estate millionaire is to start off as a real estate billionaire
100% of the shots you don't take don't go in. I never invested a penny I couldn't afford to lose. Only morons put their life savings on the line for a risky stock investment. That being said, nobody ever became a billionaire from avoiding all risks. This country didn't become great from people avoiding the risky investment (like in Cars, Television, Airplanes), it flourished beacuse they took the risks.
So now it's only 40% lower than what it was a few years ago?
That's just what we all wanted! Hooray!
Yup, sure made my day.
The problem is, nobody has any more money to invest.
Quote:
Originally Posted by Pug Life
Only morons put their life savings on the line for a risky stock investment.
Not every investment is risky. If you owned a company and had stock it in or asked your friends & neighbors to by stock to support it, a market crash would be devastating.
Why does everyone think people who invest money in the market are wealthy or risk takers? I remember years ago where the smartest thing everyone said to do was to buy IBM.
The problem is, nobody has any more money to invest.
Not every investment is risky. If you owned a company and had stock it in or asked your friends & neighbors to by stock to support it, a market crash would be devastating.
Why does everyone think people who invest money in the market are wealthy or risk takers? I remember years ago where the smartest thing everyone said to do was to buy IBM.
I know, I am an investment advisor who specializes in asset allocation analysis using modern portfolio theory.
I said that a person has to be a moron to put their life savings on the line for a risky investment, not that all stocks are risky.
All one has to do to be able to invest in the stock market is put $50-100 a paycheck into an after-tax account and after a few months they will have enough to start playing the market. Right now is the time when everyone should be doing it.
Actually, November of 2008 was when people should have done it, and definitely by March of 2009...
I know, I am an investment advisor who specializes in asset allocation analysis using modern portfolio theory.
I said that a person has to be a moron to put their life savings on the line for a risky investment, not that all stocks are risky.
All one has to do to be able to invest in the stock market is put $50-100 a paycheck into an after-tax account and after a few months they will have enough to start playing the market. Right now is the time when everyone should be doing it.
Actually, November of 2008 was when people should have done it, and definitely by March of 2009...
You can't time the market. I agree that the word "should" comes up a lot in your profession and always say "I shudda gotten out of the NASDAQ in March 2000" or "I shudda bought small caps in 2003 and pulled out in 2007" but I also shudda bought a house in FL in 1995 and sold it it 2005.
So either his policies have had time to take effect or they haven't. For all of the liberals crediting Obama with this so called recovery, you will have to lay the blame at his feet when this house of cards comes tumbling down very soon. I have a feeling that somehow it will be Bush's fault again though
Notice the more dissent to Obama the higher it goes. Wall Street knows Obama is becoming impotent, he's doing it to himself. I must say though it's kinda strnge you guys are now cheering for Wall Street. Not 6 months ago some of you folks were trying to hang them or burn them at the stake.
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