Quote:
Originally Posted by slapass
Real estate never goes down - yeah right.
Stocks average 10% a year - not for the last decade.
Timing the market does not work - it rocks! See Warren Buffet or George Soros.
Debt is bad - exceptional returns can not be made without debt.
Get a good job and work hard - changing every 3 years is a much better idea.
You can pretty much do the opposite of everything you have heard and do better.
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For the past 70 or so years stocks have averaged around 10%. The last 10- 15 years have been very bizarre for both real estate and the stock market. The world has definitely changed.
I don't know much about George Soros but I would say that Warren Buffett does a little bit more than "Time the market".
Good debt is good, can give you the leverage and the money to really grow your business and bring in more profits. It all comes down to the math really. The typical person should strive to be out of debt, most people cannot turn their debt into money.
I agree with the changing jobs. 50 year career's are over with. Take your skills and compound them with additional skills to make you more valuable and you can really see your salary/income jump.
It's a whole new world!