Good article Sieg.....
Ask "rich people" what they're invested in --- they'll start naming Coke - McDonalds - Chevron - AT&T
Ask "normal people" what they're invested in.... They say "mutual funds" or "my work IRA"...
Ask a "newb investor" what they're invested in... it's "I'm waiting for Twitter to IPO" or "I'm waiting for FaceBook to split".
On the surface a guy might think "oh sure - he's got plenty of money ---- but I've got to make mine!" Nooooooooooooo....... "the rich guy" knows that not losing money is every bit as important - if not MORE important - to creating "wealth".
|