Hobofinance.com

As my old martial arts instructor used to say, “Everyone has a plan until they get punched in the face”. Trading is no different. Well, not true. Traders get punched in the face a lot more often than martial artists. And when they do they tend to hit back by throwing good money after bad, [...]

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Lesson 2:
Back for more?  OK.  You’ve figured out that if you put your $20 Grand in stocks or funds and it makes 10% a year after 5 years you’ve made about $12,000  plus the original $20,000 and you now have about $32,000.  If you made 7% a year you made about $8,000 after 5 years and have $28,000 [...]

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Lesson 1:
Lots of people have gotten rich in Real Estate.   Lots of people have lost money too.  You didn’t hear too much about the losers until the recent foreclosure debacle.  It’s like gambling in Las Vegas.  People only like to tell you when they win.  Somehow the losing part,  they get amnesia (I broke even, [...]

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