12-19-2021, 04:50 PM
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Not suffering fools today
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Join Date: Jan 2014
Location: at large
Posts: 36,703
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Quote:
Originally Posted by vwnate1
A wise man once said " there's another sucker born ever minute" and wow was he ever right .
Investing is tricky no matter what .
I have friends who tried large apartment buildings in the So. Cal. area in the early 1009's, who could possibly imagine there'd be a glut of apartments and he wasn't able to maintain anywhere near 50 % occupancy .
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back then there were not many tenants 
Quote:
There went his retirement dreams and money up in smoke .
I invest, mostly blue chip stocks, they, like all stocks, go up and down but over time have done really well .
I hope to leave my grand children a nest egg .
In my 20's my friend's Mom whom was a WWII war bride, began to read the stock reports and made a little game of it ~ for one year she pretended she had some investment money and played at it keeping close records of what worked and what didn't .
By 1977 or so she was able to pay off their house and support her husband who'd been a non union carpenter at Disney Studios for decades, they dumped him when he was too old to get another job in spite of being a good worker .
I know an *extremely* rich kid my son went to high school with , he spends about two hours every morning handling his investments then plays the day away buying nice houses and re doing them over better than any of the B.S. 'flip this house' idiots, he always makes millions .
It takes time and perseverance to make it big in investing .
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