Quote:
Originally Posted by Phanuthier
I don't know you personally, but if you indeed did this with no help AND you overleveraged like crazy (not surprising since you seem to see Donald Trump as somewhat of an idol)... you should at least recognize that you were very, very lucky to have a lot of things go your way. No offense, but from reading your posts (and knowing a bit about investing and business)... you do not strike me as overly intelligent when it comes to money (not stupid, but not exactly a world class entrepreneur)... more like, the Donald Trump style worked for you.
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I never claimed to be an expert on investing. Was I lucky I don't think I was, Every job I ever got wasn't handed to me I had to interview for them. I never had a friend or a parents friend ever get me a job. I also go turned away for work plenty of times but I kept on trucking. Using equity you built up in an investment or property is your smartest way of making money. Your right that I am over leveraged right now probably, but if you don't take a risk then chances are you won't make money. If all my tenants start to leave and I lose my job than there is a good chance I'd have to sell some properties or some of my shares in my investments. Do I think I will lose my contract job? No considering I just got a raise on my rates by about 25% since another firm tried to steal me away from my current firm. I've got a good reputation out there in the industry that I built up over time.
I have lost money on investments any investor will. The question is do you make more than you lose, I also bought stocks last summer when everything was at its lowest point. Was I lucky there or was I smart? Probably a bit of both. Buy low sell high, right. Easier said then done it takes a bit of a risk taker to buy stocks when everything is tanking and people are losing there jobs left and right.
I have no problems disclosing how I've managed to start taking care of my future and how I am years ahead of people in there 40's and 50's. I just hate when people question ones integrity.
I always say work hard, invest hard and then play hard.