I don't know, but one around here went bankrupt last year. :eek:
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Why Do We Trade? For Real.
- Thread starter cornix
- Start date
I don't know, but one around here went bankrupt last year. :eek:
I know rich RE people also and would say it is one of the easiest paths to wealth.
Here is how: Get a job, save up down payment (5k can be enough). Buy house/apt/condo on loan.
Save 2nd down payment, move into new place, rent out the old.
Rinse, repeat, with each place one gets more and more so cash flow positive allowing faster purchase of properties.
The richest folks I am tight with are ALL real estate wealthy initially, now some trade succesfully but RE is the core asset.
I don't know, but one around here went bankrupt last year. :eek:
Ha, I am not surprised. But I bet far more traders go BK than dry cleaners. Right location and follow the system, dry cleaners will make money--- the financial markets are in a state of flux constantly-- sure, I love to trade but realize that without OPM or massive personal resources the odds of hyper success are nil to astronomically small.
The richest folks I am tight with are ALL real estate wealthy initially, now some trade succesfully but RE is the core asset.
Can I check something: is it true or false that RE is used to store value, after money is made?
Or am I getting it completely wrong?
Say in passing: in trading, many are called, VERY FEW chosen.
Also, the trading market does not discriminate : your dregrees , education, intelligence,
your capital does not count when it comes to getting it right.
BUT if you can get it right, seriously, trading is the best way to make serious money.
Yes it is worth it, Yes it requires stuff that many will not do ( including psychology
to remove the blocks to success in trading).
Time to check some stuff, before dinner.
Also, the trading market does not discriminate : your dregrees , education, intelligence,
your capital does not count when it comes to getting it right.
BUT if you can get it right, seriously, trading is the best way to make serious money.
Yes it is worth it, Yes it requires stuff that many will not do ( including psychology
to remove the blocks to success in trading).
Time to check some stuff, before dinner.
I think its a fact, but then again...http://www.briefingwire.com/pr/dry-...aires-than-any-other-franchisefact-or-fiction
Agree, it would suck. but hey, it apparently makes the $$$
C'mon, it's just another small business, which if the owner can expand and make good, he can make him or herself well off. If they do really well, then more wealth will follow. I don't think there's anything special about dry cleaning per se!
Say in passing: in trading, many are called, VERY FEW chosen.
Also, the trading market does not discriminate : your dregrees , education, intelligence,
your capital does not count when it comes to getting it right.
BUT if you can get it right, seriously, trading is the best way to make serious money.
Yes it is worth it, Yes it requires stuff that many will not do ( including psychology
to remove the blocks to success in trading).
Time to check some stuff, before dinner.
with all due respect, this subscribing nearly supernatural power to the markets-- "few are chosen" is a sure way to the poor house. peace, surf