Quote:
Originally Posted by Sly
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!
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warren buffet claims one of his best assets is patience. He waits for the stock to come to his price he is willing to pay. He buys out of favor sectors. It is a way of timing. If no one like energy then he is a buyer, if banks are in the shitter, he was making big loans and getting options to boot. Can I do this? probably not but I could big picture it and do better then I do.
I too am very confused on the stock thing as I am huge fan of things staying the same. 10% for 90 years and now it is broken? I did a thing where i figured out how much you would have doing an equal investment in the market for the last ten years. I did it 2007 and the returns were horrible. I did a high, low, and average thing. I did not have data to do 20 years.