Registered: Aug 2007
08-06-12 02:28 PM
Quote from Bob111:
hey pal..show me yours, i'll show you mine.. (i just want to be make sure that i'm getting right advise from right person, who did very well in all three)where did i said that i'm into 'creating wealth' mode? i did good in trading..better than most of you here..but what i did stated numerous times here that i'm suck at any investing(doing just fine in day trading(IMO-hardest of all)). i'm suck at any investing cause i'm literally burnt out by my day trading..all i want is fucking PRESERVATION of my capital. that's it. just to have it where it is..it will all go to my kids..im' very simple man..i don't need any fucking boy toys or 10K sqf house..it's looks like a punishment here,when one was asking for me something simple and reasonable....ok then..good luck to all of you,investment geniuses and wealth creating guru's..
Keeping money in the bank is not preservation of capital. It's falling behind true inflation. Always has been and always will be. It is designed that way. You should be petrified to keep money idle in the banks.
Another thing! Inflation has always been here and always will. Many ET posters continuously freak out at inflation like its friggin new. Guess what? Its not! Idle money falls behind real inflation. It's is the deninishing of capital.