How The Rich CH 4

[walrus]

I can't join you in the British political talk as I know little of it but Dia had some interesting idea he posted. My wife and I are making several moves to improve our financial situation including buying two houses one of which we rent out the other I am slowly rehabbing to hopefully sell it at a profit as the US housing market recovers. We also play the market. Thing is, when your in our financial bracket you gotta take a lot of risks, this whole thing could leave us in a bad situation just as it could improve things. I guess ya just have to grow some balls and hope for the best.

[Dia bando]

I can't join you in the British political talk as I know little of it but Dia had some interesting idea he posted. My wife and I are making several moves to improve our financial situation including buying two houses one of which we rent out the other I am slowly rehabbing to hopefully sell it at a profit as the US housing market recovers. We also play the market. Thing is, when your in our financial bracket you gotta take a lot of risks, this whole thing could leave us in a bad situation just as it could improve things. I guess ya just have to grow some balls and hope for the best.

I admire you for taking the risk mate, I have no problem with people making money at all , the
one's I am talking about are injustice, of the rich getting richer and the poor getting poorer.
We do need people with money I am not stupid, but things need to be a bit more fair lets pay
people a living wage, which we are not.
What pisses me off if you fuck up in your job your got rid of, if your a banker you lose Millions do
they get rid of you NO, you are rewarded with a large bonus.

[Kirkland Laing]

I can't join you in the British political talk as I know little of it but Dia had some interesting idea he posted. My wife and I are making several moves to improve our financial situation including buying two houses one of which we rent out the other I am slowly rehabbing to hopefully sell it at a profit as the US housing market recovers. We also play the market. Thing is, when your in our financial bracket you gotta take a lot of risks, this whole thing could leave us in a bad situation just as it could improve things. I guess ya just have to grow some balls and hope for the best.

Property, smart move. Playing the markets, not so smart. My advice to you with the money you've got in the markets. Are you ahead of where you were when you started? If so put it in an interest-bearing account and wait a year or three until we get a crash or a major correction. Then invest in an index fund that takes very little in the way of fees. I don't do anything with individual stocks but I know a lot of people who do it professionally and they're happy if they get it right 50% of the time. 50% of the time keeps them in a job or keeps their investors investing with them. You being as successful as them, getting it right half the time, can cost you a lot of money.


Long term, markets go up, markets come down. Buy at the bottom and sit on it. In the long run you come out ahead.