Quote:
Originally Posted by GregWeld
Good info -- and for this forum is very good information for OTHERS.... as this can and does work. I'll "average down" a stock investment - which I've discussed in previous posts.
I have owned LARGE (300 plus units per building) class A apartment complexes... so I understand the rent reward capital depreciation etc. BUT -- big BUTT -- they are professionally managed and I just collect a check every 6 months. Again -- the risk/reward/work factor just isn't worth the 6 tenths of a percent differential of owning McDonalds or Annaly Capital Management. $600K in Annaly (NLY) gets you 35,000 shares of dividend paying stock - it pays .57 per share per quarter... or a total of $79,800.00 per year.
Do you see why I'm rich and you're not?
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LOL
I never wonder why you are rich...I am just here to learn some skills to grow my nest egg even more..
Your words and your knowledge tell me why, and Go Greg go..
We can all learn and put the knowledge to work, all be it, at a smaller scale..
My wife and I were talking over coffee this morning, and we are so Glad we put as much money as we did to work, when we did.
Keep sharing knowledge with us... There are some hardcore few of us that are willing to comment, good or bad..
But I know that many more are reading and not commenting.. Also maybe overwhelmed..
i know we talked about a recap, and you did, but among your other millions of things you have going, could you think of the guys not commenting, and see what we can do to get them commenting.
Many successful car guys, that are still overwhelmed with Investing..
Maybe a 101 Generalization of the whole concept.. Better you do it than i do it..Newbie and all..
Thanks .. Too many are reading and not commenting, and i know they have questions ..
Thanks,
Mike V.