I was looking for some of your names on Forbes Richest people list. You now need 31 BILLION with a "Big Capital B"..... even to make the cutoff.


Pretty amazing.


Think about a BILLION dollars:

You could have 3 30 million dollar homes -- and you'd still have 900 million dollars

If you had 3 30 million dollar jets -- you'd still have 800 million dollars

If you made 5% dividend per year on 800 million dollars -- you'd be making over 3 million dollars PER MONTH....

After I stepped away from the market a few years ago, I was talking with a friend who, while not in the 100mm net worth category, certainly has more money than he could ever spend in what's left of his lifetime. I mentioned to him about how well I was sleeping and how the load was off my chest not having to worry about the market.

He told me that the few times he's been completely out of the market over the years, he felt the exact opposite. He felt more comfortable in the game and when on the sidelines he has a restless feeling about missing the next big run up.

Some people are just wired differently I guess, they never tire of chasing the next million, ten million or even 100 million I guess.

Another favorite saying of his is... "it's just a function of zeros" It doesn't matter if it's a thousand, ten thousand or a hundred thousand in play, the game is still the same.

On another note, I guess I owe Putin a thanks...spent some time dollar cost averaging into the market a bit more again today. Didn't get everything I wanted but still added some good company holdings at a discount to the portfolio.

Whatever anyone bought yesterday is looking like a real hero today!


EEEEEEEEEEEEHHHHHHHHAAAAAAAAAAA

Much more enjoyable than yesterday mornings decaf, today it's triple espresso!

Was thinking the same thing. LOL. :headspin: :popcorn2:

http://www.speedinfinity.net/forums/...lt/whistle.gif http://www.speedinfinity.net/forums/...ult/wereup.gif

I'm on the road in the rig...


But it's days like today that show you why it's so hard to do market timing. You just never know when those very few huge up days are going to hit. Better just to be in and ride the wave over time.

Now what you feel like, if you're not in.... is that you must "chase" the market. Then you sit and wait for the next big down day. And we run more and so on... It's why I advise against trying to "wait" for some stock to come off 50 cents. While you're waiting the shares run 8%. Painful.

I've thought about this a lot, and you are correct for the most part Greg. You can get left on the side of the road chasing your tail for just a few pennies on the dollar.

I still think that for someone in my shoes during this day and age, it's a better strategy for me to wade slowly in instead of just diving in the deep end. Sure I may miss some run up in a few stocks, but if I've kept a portion of my powder dry, I also have a chance to buy the dips and lower my average cost per share. Plus, if there's another big correction before I'm all in, that's even better.

I'm up just over 2% on what I've put in so far...and I haven't been paid a dividend yet. I'm about a fifth of the way in with my IRA and haven't started with my Roth account yet.

What I'm doing while dipping my toe in the water is also getting a better feel for these companies I've already bought as well as those I'm still looking at. You pay a bit more attention as you have skin in the game and the more you read, the more it starts to sink in. I was much more sure about what I was buying this Monday vs the purchases I made a month earlier when I started. I expect that to only get better the further I go along. There was a little bit of information overload at first, but it's getting better and better every day.

Not unlike how I felt the first time I read one of Ron Sutton's instructional threads on how to improve the suspension on my car. :newbie: These days, just over 6 months later, I'm helping others understand what Ron is teaching. :rules:

Find it interesting how Bitcon CEO is found dead shortly after Bitcon implodes and $$$ is lost.

Just saying.

I saw that on CNBC, not sure its Bitcoin's CEO, i think he was the CEO of one of its China affiliates. None the less......smells like foulplay to me....