Waxie's crappy infomercial

[PuffyGums]

Quote from Corso482:



Ok, I gotta step in and defend RK. Granted, the guy doesn't offer any practical advice, but when I read that book it completely changed the way I thought about money. Please note, I was only 17 when I read it.

Anyway, it basically got me to start thinking like someone who's trying to build networth as opposed to someone who is trying to look rich. Although, 'The Millionaire Next Door' would probably have done the same thing.

About the Millionaire Next Door. There are some problems with that book as well. Invest in mutual funds, buy and hold, get rich- just like Suzy Orman says.

However they entire premise of that book is that you have reliable 15%/year returns (considered a 'conservative' return when that book was written) year in and year out for 20 years. That is not going to happen again for a long time.

Once you change your expected returns to something more like 6%, then suddenly you are no longer on the glidepath to financial freedom.

 

[rasl]

i have been a member in waxies chat room for 13 months,and have lost 1/2 of my account , -150k
its true he buys small cap play him self first when call is made in the room its already been going up slowley(once he said in room that his average trade is 1/2 to 1 million dollers and if you chase price up too much i will sell you my shares ) when members chase price up it falls fast.there are no up dates on losing trades,most losing calls are removed from website quitley over nite.
rasl.