Free Republic
Browse · Search
General/Chat
Topics · Post Article

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
[ Post Reply | Private Reply | To 38 | View Replies ]


To: Robert DeLong

The only sure thing is to do nothing, I agree.
However, doing nothing is the worst of all options.

I remember, on The Apprentice, one of the contestants offered Trump $250,000, to work for him for 6 months. Trump said something interesting, that he agreed to take the money because he could make about $10,000/year from it.

Of course, if I were to invest, it would be in the hands of professionals who would do better than I would. If I buy Blue chips, I could only make about 2%, or so. However, it’s a guaranteed 2%, because these companies are not likely to disappear in any given years. That’s why they pay so little.


42 posted on 09/23/2023 8:05:01 AM PDT by Jonty30 (If liberals were truth tellers, they'd call themselves literals. )
[ Post Reply | Private Reply | To 41 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson