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To: yetidog

There is not really a “limited” amount of wealth nor savings in the world. Just like there is not really a “maximum” price that a stock may sell for.

Your rig is about 25 shares of Amazon AMZN, there are people who trade AMZN 500 and 1000 shares at a time. Your rig, there are folks who wear that amount of value and more in a wristwatch.

WHY do you wish those big rigs aren’t financed? Does it matter? I have seen some deluxe RVs go in the $350K range.

There are people who owned ten oil wells from the 1910’s. Or fifty. There are folks who receive royalty payments amounting to your rig per DAY. And whose families have done so for 65 years.

The point is, or one point is, there are plenty of ways to accumulate wealth, not just the way you did.

I’m not trying to tell you how to think or how not to think.


10 posted on 07/06/2017 12:30:17 PM PDT by Attention Surplus Disorder (Apoplectic is where we want them!)
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To: Attention Surplus Disorder

“WHY do you wish those big rigs aren’t financed? Does it matter? I have seen some deluxe RVs go in the $350K range.”

I am well aware of wealth and am an active investor who happens to live in an area supported for the most part by an oil production. Free-market economies and the people who participate in them may discover limitations when debts are called in and cash flow stops. I am the child of a depression era businessman who told me all about it. And I still believe him.

Anything financed is problematic if you are called upon to pay in full. And I would think that would include RV’s.


62 posted on 07/06/2017 1:23:02 PM PDT by yetidog
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