Investment VS Debt

Quote from GTS:

I thought you said "Stay out of debt"?!? Must have missed the footnote that said its ok to incur debt for investment purposes. Maybe that was your grandmothers saying?

I'm not confused, its you trying to wrangle a workable financial strategy out of your grandfathers one-liner that has you doing contortions.
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So what is it that you do? whats your story?
 
Quote from myminitrading:

So what is it that you do? whats your story?
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Apparently I just waste my time on ET threads.

What more do you need to know about me?
 
Money is a tool..just like your trading platform....scanner....etc...

Purchasing money and the costs involved should be considered.

If you can make more money than the cost of it, I really do not see the point.

Trading can be "Not Gambling"....

Michael B.
 
Quote from myminitrading:

Your getting confused, first of all a home is the biggest investment most will make, get it investment.
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Be careful not to make blanket statements about financial advisors. There are those who "understand" the financial world a bit differently than others. I know several who don't advocate buying a house at all. IMO, the only reason for a person of average means to buy a house is for the pride in home ownership. As a previous poster stated, your home is an expense. In fact, I would re-write your statement as, "the biggest expense most will ever incur, get it expense". For the most part it is a very poor investment.

A house is mainly a good investment for those people for whom life insurance policies are good investments. IOW, those who don't have the discipline to save and need a forced savings vehicle, even if it pales in comparison to alternative investments.
 
Quote from Cache Landing:

Be careful not to make blanket statements about financial advisors. There are those who "understand" the financial world a bit differently than others. I know several who don't advocate buying a house at all. IMO, the only reason for a person of average means to buy a house is for the pride in home ownership. As a previous poster stated, your home is an expense. In fact, I would re-write your statement as, "the biggest expense most will ever incur, get it expense". For the most part it is a very poor investment.

A house is mainly a good investment for those people for whom life insurance policies are good investments. IOW, those who don't have the discipline to save and need a forced savings vehicle, even if it pales in comparison to alternative investments.
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You speak with such wisdom, what are you investing in?
 
Quote from myminitrading:

You speak with such wisdom, what are you investing in?
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If you mean investing in the broadest sense of the word, I "invest" in:

Options
Indices (mainly S&P)
ETFs
Closed-End Funds
Some Fixed Income Securities
and I have a 401K
 
Quote from Cache Landing:

If you mean investing in the broadest sense of the word, I "invest" in:

Options
Indices (mainly S&P)
ETFs
Closed-End Funds
Some Fixed Income Securities
and I have a 401K
More...


Oh, do you trade ES or SPY
 
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