If you ever go to a black church in the South, 2:1 odds that the preacher is wearing alligator shoes!
Most likely those are faux alligator shoes, alligator print shoes. Alligator/crocodile shoes can get pricey, specially if they are Gucci or some other high-end European label. More than half of Americans don't even have $1,000 saved up in their bank accounts. A significant number of people are virtually on the constant brink of bankruptcy god forbid they have a serious expense of some sort. Black people, specially in the South, are poor. Alabama Leprechaun 2006
Preachers, in the South, are not poor - even in small churches. Those dudes are riding in style and the shoes are real; just like the car they drive and house they live in. And just for fact checking purposes, my black friend Chevelle retired at 40. CPA for the Home Shopping Network. Google TD Jakes. Dudes got more money than you! Bet on that!!
------------------------------------------------------------------------------------------------------- Xela, That's a brilliant master class assessment. Should be required reading for every trader with a small account.
Everything is possible. Positive experience. In 2008 crisis, I move all my poftfolio to one stock. Citibank. At this time I bougth the stock 3 times, with an average prices of USD 1.8. It was a inverse split on time 10:1. So this price is equivalente to USD 18 today. Now the price is USD 68. I broke the rule of a diversify portfolio, but it works. Another bank collapse will be catastrophic was my thought at this time. Negative experience I used part of the gain to a long position of NUGT. Due to crash, I believe gold price will be solid. I was wrong. I invested about USD 15,000 in NUGT. My ego said, one day it will come back to his price. Finally, I lost almost all this money.
Being fully diversified is a sure fire way to make average returns. The wealthiest pros concentrate their portfolio on their 4-5 best ideas.