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Old 06-14-2017, 08:58 PM   #11
mepps1
Registered User
 
Join Date: Apr 2007
Age: 47
Posts: 6,736
Re: Financial/Investments

I warrant this advice to be worth a hundred times what it cost you;

Stay out of the Wall Street Casino. Period. It's nothing more or less than a game designed to separate credulous people from their money. And it works very well. The only reason anyone should play is that they think they have an inside track on an underappreciated trend. This is possible, but of course we're talking about speculating, not investing.

Because interest rates are outrageously low, real estate is also significantly overvalued. However, if you can make the mortgage, you own something if you own rental real estate, commercial, or farm ground. In the case of stock you own- what???? You own some piece of some enterprise the original owners were smart enough to sell. Except, technically, you don't own it. Your broker owns it.
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