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Response to dmallind (Reply #10)

Thu Jan 24, 2013, 05:50 PM

13. I've taken a more classic and time honored path toward retirement

Start a business, get it successful, pay someone else to run it, live off the profits. I've also been doing a bit of Angel investing lately, handing money to tiny startups in exchange for an ownership stake.

Fool me once, shame on you. Fool me twice, shame on me. I've lost too much money in too many crashes to risk any more money on that gamblers den. I prefer investments that I have some control over, rather than ones where I'm just along for the ride.

FWIW, there was a time when I was making good money on the stock market and swore by it. That was before I realized that little investors cannot win in the long term. The market is rigged to benefit the institutional investors. Sooner or later, the little guy always loses.

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DesMoinesDem Jan 2013 OP
emulatorloo Jan 2013 #1
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Xithras Jan 2013 #7
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dmallind Jan 2013 #10
CountAllVotes Jan 2013 #12
LineLineLineNew Reply I've taken a more classic and time honored path toward retirement
Xithras Jan 2013 #13
emulatorloo Jan 2013 #21
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fujiyama Jan 2013 #16
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