Sure, we can talk about implementation details but that should come after debunking the myth that a) everyone can be a millionaire if they are cute little savers and start so early on, and b) that investing money each month or whatever period you chose is the right way to go about that. Are the details tricky to work out? Absolutely yes. But what a lot of amateurs don't understand is that looking at how spx appreciated, return wise, from fixed point a to fixed point b is not the same in terms of total return than investing at all the midpoints. It creates a completely different return profile. And that is why beating the SPX buy and hd is so hard for many PMs. They must reinvest money. Why Buffet beats them is because he reinvest at superior price levels while those PMs and mom and Pop buy at any price level, their behavior is not price level optimized but time optimized. Do you want me to make a quick spread sheet to demonstrate that?
150 millionaires say getting rich boils down to a 3-step formula
- Thread starter themickey
- Start date
Yepppp just as I thought. Another one of those 40 somethings showing everyone how to retire early...and she has her own financial blog. Who would have fu€king thought!!!!
https://www.forbes.com/sites/ryande...fter-abandoned-early-retirement/#4c2eec5d7780
https://www.forbes.com/sites/ryande...fter-abandoned-early-retirement/#4c2eec5d7780
40s, female, stiletto heels, and hubby to take care of her. Blogger, major midlife crisis and lack of life purpose if you ask me.
after retirement, how is she going to pass her time?
even if you want to spend time with family,
you still have to spend 24 hours / day MEANINGFULLY.
you don't want to die from boredom, or ended up suffering from dementia.
When you start with drop-shiping, then move a lot of your wealth into equities & suddenly by making ($8k/per month from $3.5 mil that's $96k) 3% per annum, you know what means well diversified.
23:42
Last edited:
Many positions are 10-20% down.... Not sure that speaks to someone who manages his portfolio well, at what point would he cut his investment loss? Is HOPE his primary investment skill?
I like the calmness in his voice
Don't know that much.
His primaries were marketing, design & sales, if im correct.
It was an ironic post
man, I come across as an asshole, and probably I am. I constantly see myself ripping post content, not ripping the messenger but the content within. I will make an extra effort to workship at the feet of content that really stands out, gotta celebrate the few winners, there is so incredibly much garbage out there, people who really don't know shit and pretend they do. It gets harder and harder to find the needle in the haystack. Sorry to be so pessimistic but with this much stupidity out there and dishonesty please immediately sign me up for counseling treatment by someone who is equally well-read and informed but is not as much a human hater than I am.
I like the calmness in his voice
Don't know that much.
His primaries were marketing, design & sales, if im correct.
It was an ironic post
Gotta admit it can be difficult at times to bite the tongue and not give someone a spray, it's the old story, noobs in particular like to use big words to impress, it's all part of development, I suppose inexperienced traders just like to feel accepted so they attempt to impress.
Verbally, I'm not a good communicator, it runs in my family, we are hopeless negotiators.
So I tend to become a bit aggressive at times, not good.