Quote:
Originally Posted by XLexusTech
Sure I have read most of this thread... Trust me the early retirement didn't come from not having most if not all of the fine ideas discussed here damn near mastered... Some I agree with most in fact I have some of my own ideas Like ummmm buying "faceybook" on IPO then down at 18.... See in this thread....
I didn't think I could only discuss the same exact investing ideas
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And buying FaceBooky was brilliant --- and good for you! There are many stocks that "should" be owned... But whenever I wrote here - I tried to drill down on beginners and basics #1. I've always said - that if you can stomach owning stuff like this - then you should.
NOW.... I used to day trade. The ONLY THING that saved me from losing 2 or 3 million that I had in that day trading account - was that I paid cash for a house out of that account. BAM! The market sunk like a rock....... buying the house had me OUT of the market for months while we remodeled etc. In the meantime the market tanked.
I used to buy $500K of MSFT and $500K of DELL and $500K of INTC in the morning... go golf - come home and sell them up .50 a share.... but this was 1997 / 98 / 99.... and a guy couldn't loose..... until he did. Most every one of my friends from that period are STILL working.