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

By: ribit in ROUND | Recommend this post (0)
Thu, 23 Feb 12 4:47 AM | 40 view(s)
Boardmark this board | De's Test Board 		Msg. 39069 of 45651
(This msg. is a reply to 39064 by Decomposed)
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decomp
The real purpose of investing shouldn't be to increase your net DOLLARs, but to increase your net WORTH. Those are totally different concepts.

...yes, and it is a concept easy to lose site of when every time ya turn on the television and the media is telling you how much better things are getting and measuring this improvement in dollars and cents.




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!

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The above is a reply to the following message:
Re: Here Is Why The Dow Just Passed 13,000
By: Decomposed in ROUND
Thu, 23 Feb 12 12:20 AM 		Msg. 39064 of 45651

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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