The bashers - even the ones who SAY they aren’t
Post# of 40991
(Total Views: 431)
Posted On: 06/17/2019 5:14:54 AM
The bashers - even the ones who SAY they aren’t - have worked overtime to instill doubt and fear. Listen to them at hear levels and you will go broke.
Of the ones who are asking “why borrow when we have profits,” I wonder how many own homes? I would venture most are college kid dropouts living in mom’s basement, working at Burger King with no money to buy more than 1000 shares. I wonder if they have paid their houses off? The conventional wisdom from financial advisors would be to not pay it off early so that you can have more money to put in savings, invest or spend. So, they are “borrowing even though they have a net profit every month”. Personally, I believe in paying the house off, but 95% of people would not agree.
Ok, we borrowed money even though we make profit. So what? Ok, it’s from a shady source. So what? Maybe it’s cheaper to borrow now and put the profits away. Why don’t you wait until you have enough money to buy a house with cash before buying it or, after buying it, use every penny of profit to pay it down in a few years instead of 30? Look at the big picture. Look at where this is going. The bashers want you focused on the mud puddle in front of you. In order to get zip-code-changing RICH, you have to raise your head just a little and look at the horizon. You aren’t going to a mud puddle. You’re going to the horizon. Keep your focus on where you’re going.
If you bought high, so what? Average down now. If you haven’t bought, buy now. You can get millions of shares for dirt cheap. Millions of shares at this level become INCREDIBLY valuable with just a few ticks. The down side is so minimal at this level.
A professional share holder letter that is 98% fluff but has JUST ONE single, verifiable piece of info cluld send this to a penny. If this were at 005, I could understand hesitancy. But in the trips????? This has nowhere to go BUT up!! It’s time to buy as much as possible to maximize your leverage.
Of the ones who are asking “why borrow when we have profits,” I wonder how many own homes? I would venture most are college kid dropouts living in mom’s basement, working at Burger King with no money to buy more than 1000 shares. I wonder if they have paid their houses off? The conventional wisdom from financial advisors would be to not pay it off early so that you can have more money to put in savings, invest or spend. So, they are “borrowing even though they have a net profit every month”. Personally, I believe in paying the house off, but 95% of people would not agree.
Ok, we borrowed money even though we make profit. So what? Ok, it’s from a shady source. So what? Maybe it’s cheaper to borrow now and put the profits away. Why don’t you wait until you have enough money to buy a house with cash before buying it or, after buying it, use every penny of profit to pay it down in a few years instead of 30? Look at the big picture. Look at where this is going. The bashers want you focused on the mud puddle in front of you. In order to get zip-code-changing RICH, you have to raise your head just a little and look at the horizon. You aren’t going to a mud puddle. You’re going to the horizon. Keep your focus on where you’re going.
If you bought high, so what? Average down now. If you haven’t bought, buy now. You can get millions of shares for dirt cheap. Millions of shares at this level become INCREDIBLY valuable with just a few ticks. The down side is so minimal at this level.
A professional share holder letter that is 98% fluff but has JUST ONE single, verifiable piece of info cluld send this to a penny. If this were at 005, I could understand hesitancy. But in the trips????? This has nowhere to go BUT up!! It’s time to buy as much as possible to maximize your leverage.
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