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re: 50 Unfortunate truths about investing
Posted on 3/11/13 at 9:08 pm to foshizzle
Posted on 3/11/13 at 9:08 pm to foshizzle
quote:
If you're doing it for the excitement your bankroll is in trouble.
where did i say i did it for excitement??
as far as investing in the markets goes not that i do not invest in stocks or funds but futures is more exciting.
i stand by my statement.
This post was edited on 3/11/13 at 9:09 pm
Posted on 3/11/13 at 9:18 pm to Fat Bastard
quote:
as far as investing in the markets goes not that i do not invest in stocks or funds but futures is more exciting.
Well playing high stakes blackjack is more exciting than buying mutual funds too, but one is a significantly more effective investing strategy (at least in my experience).
Not equating what you do to gambling, but I go by the most important 2 rules in investing:
Rule #1: Never lose Money
Rule #2: When in doubt, refer to Rule #1
Posted on 3/11/13 at 10:27 pm to Fat Bastard
What is "futures"? J/W
Posted on 3/12/13 at 7:26 pm to Fat Bastard
7. On that note, some investors who we call "legendary" have barely, if at all, beaten an index fund over their careers. On Wall Street, big wealth isn't indicative of big returns.
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