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Re: Here Is Why The Dow Just Passed 13,000

By: Decomposed in ROUND | Recommend this post (0)
Thu, 23 Feb 12 12:20 AM | 59 view(s)
Boardmark this board | De's Test Board 		Msg. 39064 of 45651
(This msg. is a reply to 39056 by ribit)
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ribit,

re: "Im afraid that it's just a huge bubble based on nothing and that it will soon bust"

Maybe it will bust. Maybe not. The problem is, a market that rising while the base currency is FALLING may not really be rising... if you catch my drift.

The real purpose of investing shouldn't be to increase your net DOLLARs, but to increase your net WORTH. Those are totally different concepts.

Not that long ago, it was a pretty big deal to meet a millionaire. There weren't very many. Recently, I met my first BILLIONAIRE. And I have a feeling I'm going to be running into more and more in the years to come.

Meanwhile, "millionaire" has become laughable. My advice? If you folks are healthy and aren't millionaires yourselves, you'd better not even think of retiring - and I con't care HOW old you are. Less than a million ain't gonna cut it.




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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The above is a reply to the following message:
Re: Here Is Why The Dow Just Passed 13,000
By: ribit in ROUND
Wed, 22 Feb 12 9:08 PM 		Msg. 39056 of 45651

capt
...whilst I would love to be in the market and on the upside of this, Im afraid that it's just a huge bubble based on nothing and that it will soon bust leaving a lot of folks floundering in the aftermath.

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