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To: Magnum44
Different experience than I have had, but as I said in another post, I never traded stocks, beyond one ‘dip’ into that world that ended poorly.

"One dip" is equivalent to resolving to lose weight and improve health by jogging, then going on a single, first 20-minute jog and getting "side stitches," and quitting in disgust.

I began while still in college. Investing money that I had scrimped and saved while dining on the equivalent of ramen noodles. Made a killing, pentupling my investment (broadly diversified) within a year. Wow! $5,000 profit! This was the early 80s.

Took the money and invested in real estate on the Big Island in the late 80s - just as Japan's bubble was bursting. Built some houses and rented for a decade - dealing with chickensh*t renter problems from halfway around the world, and paying 15% to my "estate manager." May have only broken even, but it forced me to economize and stick with the program for ten years - and I learned a lot.

Sold out and invested in the stock market just as "Desert Storm" was brewing. Forced to divest when my investment company declared that I was a pariah/leper in 2016.

Regards,

95 posted on 10/05/2022 7:43:11 AM PDT by alexander_busek (Extraordinary claims require extraordinary evidence.)
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To: alexander_busek

There is clearly more than one way to ‘get rich’. I never had time or inclination to either be a smart trader or even run my own business. I thought about whether I’d invest in housing and deal with rentals, or invest in land and market (via mutual funds) while I worked my middle class career. For me, the latter seemed less stressful even if it was not the way to quick cash out.


96 posted on 10/05/2022 7:49:19 AM PDT by Magnum44 (...against all enemies, foreign and domestic... )
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