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Tranceaddict Investor's Club (pg. 2)
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| Orbax |
you do of course realize that anything you put money into that isnt a bank is investing right? Most of your investments are bad, such as cars, because its guaranteed depreciation. Land is always good. A house in 5 years returns 300,000 bucks. How long would it take you, putting 100 dollars into a bank account every month to get 300,000 dollars.
No one ever got rich by stuffing cash into a sack. |
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| Marc Summers |
| quote: | Originally posted by Orbax
you do of course realize that anything you put money into that isnt a bank is investing right? Most of your investments are bad, such as cars, because its guaranteed depreciation. Land is always good. A house in 5 years returns 300,000 bucks. How long would it take you, putting 100 dollars into a bank account every month to get 300,000 dollars.
No one ever got rich by stuffing cash into a sack. |
Since when is getting rich so important? ;) |
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| naeblis |
Hah, sounds kinda like the cnbc thing they were doing... I'll join. =)
what's the time horizon here? :conf: |
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| Googooly |
| wow its so easy to get rich on the net these days....maybe its now my time to open a donation shop, hmmmmmmmmmm. If i just had some good ideas. |
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| Orbax |
| quote: | Originally posted by Marc Summers
Since when is getting rich so important? ;) |
well, here you have a choice. you have the exact same amount of money starting, and with no effort can make it increase (investing) or by no effort make it stay the same or decrease.
Why wouldnt you choose the road that takes no effort but also increases wealth and security? This isnt some philsophical hippy bull about why do we even have money and why cant we just trade and barter.
This is you having money and being responsible with it. Good luck finding a wife with shaved armpits if you keep spouting this "i dont care if im poor my whole life" bull. |
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| Googooly |
| quote: | Originally posted by Marc Summers
Since when is getting rich so important? ;) |
since money was invented. |
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| Marc Summers |
"i dont care if im poor my whole life"
When did I say that? |
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| Googooly |
| quote: | Originally posted by Marc Summers
"i dont care if im poor my whole life"
When did I say that? |
just now. |
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| Orbax |
| quote: | Originally posted by Marc Summers
"i dont care if im poor my whole life"
When did I say that? |
Language is wonderful in the fact that you dont need to explicitly express everything.
You said something foolish and youre trying to back out of it. Its ok marc *pats you on the head* |
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| Krypton |
| quote: | Originally posted by Marc Summers
Investing isn't related to one's occupation. I won't be working a dead end job just because I don't invest.
Also, you can ask any politician, get the support of the unions, and you have the election won before the votes are in. They are more powerful than you realize. |
You don't need a dead-end job. People think they can become wealthy by the job they have, or how intelligent they are. It's none of that. It's the simple application of compounding interest that makes people wealthy. You can work for 200k per year, but that don't mean if I can make hundreds/thousands per day sitting on my ass.
Investing is money making money. You can work all your life for your money if you want to, but I rather enjoy sitting on my ass, while I make obscene amounts of money. |
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| Omega_M |
| quote: | Originally posted by Krypton
...but I rather enjoy sitting on my ass, while I make obscene amounts of money. |
speak in quantitative terms plz. |
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| Krypton |
| quote: | Originally posted by naeblis
Hah, sounds kinda like the cnbc thing they were doing... I'll join. =)
what's the time horizon here? :conf: |
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No time horizon. You have unlimited time.
| quote: | | speak in quantitative terms plz. |
This is just one trade that is executed all in one day.
I have $50,000. I buy 1675 shares of stock at $29.75. Through the course of the day, shares go up a mere 30 cents. I sell pocketing $50,335. I made $335 from just ONE trade in a one day. The time it takes can be as little as a few minutes or your trade can last all day. Make 3 or 4 trades per day, and you'll see what I'm talking about. Doing this far outstrips any work one does for an employer. Employees and employers are different in that employers have invested into their business, in which employees (rather modern slaves) simply work to enrich the investors.
There are many ways to minimize risk, so you never lose more than you gain. |
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