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To: Robert DeLong

I trust the survival instinct of people. Nobody wants to grow broke. It’s always better to own part of a company than not. Of course there is no guarantees, but if don’t want to do anything because of the risk of loss, then the only safe investment for such a person is to buy something that is useful to them to own it, like kitchen pots and pans.

There are people like that and they aren’t totally wrong, but even to the most ignorant investor, the key is to keep investing. Even if have a loss of 99%, you still make a net gain of 1% everytime.


38 posted on 09/23/2023 7:22:26 AM PDT by Jonty30 (If liberals were truth tellers, they'd call themselves literals. )
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To: Jonty30
Nobody wants to grow broke.

But they do, and that includes rich people. Not the super rich, but what most people consider as being rich. They do so in the blink of an eye, too.

What I am saying is, that if yo do not have the skills to determine the risk factors, then hire someone with the skills. But even that has risks associated with it.

My other point is that you sound like it is a sure thing, but nothing could be further from the truth.

Right now people are talking about a recession, but the reality is that we have been in a recession, and a depression looms on the horizon.

41 posted on 09/23/2023 8:01:58 AM PDT by Robert DeLong
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