I know someone whom worked his tail off the last few years all the during the boom and pumped all his money into speccies that he eanrt, and is down 80%-90% or so on everything
Im down 50% and i sold half my stuff in jan - feb
this bear has been ferocious and many ppl wont come back into the market after taking 80-90% losses!
this guy worked hard and saved hard and now all his savings that he pumped into market have nearly all been lost!
its SAD, but speccies are speccies
BUFFET SAYS IF YOU MAKE 10% GROWTH AND 5% INCOME FOR A TOTAL OF 15%, THATS A BLOODY GOOD INVESTMENT
And if u think bout it , IT IS!
Coz youre making this money out of thin air!
People whom expect to double their money 'out of thin air' are pretty much 100% 'gambling' or speculatig.
its UNREALISTIC to expect 100% returns out of thin air!
15-20% 'out of thin air' is FANTASTIC compounded if think bout it
