Quote:
Originally Posted by Tyler E
$62,000 !!!!! Well, if that doesn't put a sh!t eating grin on your face.......
Solarguy, the passion has just went up, tenfold.
I would have never guessed that compounding would have increased my initial to that extent in such a short time.
My mutual fund guy told me I should be happy that I didnt lose money this year because of the market. I think his back end is going to meet the front end of my workboot!
I picked up, and am half way through, Peter Lynch's book "One up on Wall Street". Greg, are you friends with Lynch, because it appears you two think the same.
Again, THANK YOU Gregweld for spearheading this discussion. 
For the Canucks on here, which discount investment house are you using? Its time to get rolling! |
Tyler... Compound Interest will blow your Mind.. And add to that , if you have no car Loans, or credit card debt, and my friend, it is to the moon with your money.
I won't cloud your visions with other funds that I have , but triple digit rises in 10 years have been achieved.
Some lost money, and some went up 12 times the initial investment.. So the average is good..
The lost Decade of 2001 to 2011 , did not happen to everyone... Only those asleep at the wheel..
But if you are paying NO interest, except a First mortgage only..A Fixed 15 or 30 year , depending on your point of view, at these historically low rates(4%), And you are investing and compounding over time....
Oh Man...Watch it happen...You won't see it right away, but several years later, and if you review your goals once, and maybe twice a year.
That is the ticket..
And read about Greg's "Bucket Theory".. Short, mid, and long term buckets...
Fundamentals; Diversity, Liquidity, Dollar Cost averaging in, no day trading, or listening to the day to day noise...Media, your Friends, co workers.
Read from those that have done it, and form your own theory..Because no matter what we say, it must be your studies and research that get you to make the decisions with YOUR money...
we can only give opinions..Sure true life stories to help motivate, and guide, but it is a constant passion and study that will get you there.
Mike V.
Good luck to you.. Remember Luck is the meeting of opportunity, and Preparation..
So, it is about studying, actions, and patience.
I saw my attorney the other day, and we talked about a few portfolio's that I am involved in , and He is attorney for.. He asked about the Investments and i told him that We all made money and were living off the Dividends, and we were still up , after all that... He just looked at me and smiled. he said in this economy, you MADE money ?? Oh ya...
The Guy is the Best Attorney around...He love the home loan rate i got, and my Investment Strategy...Makes me feel good..
Get Passionate....Stay that way for Life... Be humble.... you will make it happen
