Investing 102

[Bucketlist2012]

Originally Posted by GregWeld

Exactly James!

That's why I keep pounding the table - just buy good stuff - stuff you know and understand - the dividend really helps... and just keep life simple. No need to get all confused and caught up in what the talking heads are hyping this week on TV... 'cause "next week" for a time horizon isn't really important...

My old partner had a saying he used all the time... Figures lie - and liars figure.

All these numbers are "interesting" perhaps - but they don't tell you what you REALLY need to know to buy a stock, i.e., IS THIS SOMETHING YOU WANT TO OWN AND WHY.

My Wife and I were just talking about why we own what we own. She is amazed that we can both build the wealth and draw monthly income, at the same time.

We Buy what we use, and what is busy.. Mc Donalds, Energy Transmission, Medical, ect...

Her family spends money that they don't have and then Envy those that do.
I have stopped helping because they won't listen..

Going to Europe twice, BMW, and lost the house, and no retirement...WTF.

And they keep asking for advise ???

My Wife asked how we are making money in this economy. I explained about the Yield's and being owner's and getting paid, ect...

After what has been a long term test, she gets it now.. i told her to just wait...

I am just getting started.