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<p>[QUOTE="Twinturbo, post: 1324527, member: 33002"]I disagree with his ideas, they seem sound but long term not viable.</p><p>However he's playing a leveraged portfolio at max he pays 10%, more likely close to 3% on every trade he does. So he's short term, and very quick. Leveraging is tricky but money can be made, my uncle who everyone though was a complete dimwit since he never finished high school, became a cocaine dealer and served 6 years in san quentin, is one of these leveraged stock players. He makes crap tons of money on his trades... why? because he pays nothing for them practically and only repays his debt upon selling them. only when the market is down, does his leveraged plays get called upon, thats why they say never put all your eggs in one basket, you need to be able to liquidate all assets to cover your loss, to keep your credit to keep playing the game. </p><p>Regardless his analysis of trades is spectacular, his theories in general are bogus. </p><p>Regardless stocks can be fun but as with all things, don't indulge, always play it safe, and think long term and viability over profits, in addition consider solubility, how quickly can you liquidate such assets in needs of emergency?</p><p>With metals very quickly, with stocks or other risky crap shoot investments, sometimes not so quickly. Or as in case of this recession, how can you liquidate a house that you can't afford to pay for, for 50% of what you purchased it for? lol</p><p>I am sure you get the picture, your still small so avoid his baiting, don't play his stock market leverage game, stick to what you know. That is precious metals and physical precious metals, play the game you know and you'll be fine, the key is knowledge in your area, you know physical metals well, and are attempting to open a store, stick with your plans, its a wise move and I personally believe your coin store will succeed.[/QUOTE]</p><p><br /></p>
[QUOTE="Twinturbo, post: 1324527, member: 33002"]I disagree with his ideas, they seem sound but long term not viable. However he's playing a leveraged portfolio at max he pays 10%, more likely close to 3% on every trade he does. So he's short term, and very quick. Leveraging is tricky but money can be made, my uncle who everyone though was a complete dimwit since he never finished high school, became a cocaine dealer and served 6 years in san quentin, is one of these leveraged stock players. He makes crap tons of money on his trades... why? because he pays nothing for them practically and only repays his debt upon selling them. only when the market is down, does his leveraged plays get called upon, thats why they say never put all your eggs in one basket, you need to be able to liquidate all assets to cover your loss, to keep your credit to keep playing the game. Regardless his analysis of trades is spectacular, his theories in general are bogus. Regardless stocks can be fun but as with all things, don't indulge, always play it safe, and think long term and viability over profits, in addition consider solubility, how quickly can you liquidate such assets in needs of emergency? With metals very quickly, with stocks or other risky crap shoot investments, sometimes not so quickly. Or as in case of this recession, how can you liquidate a house that you can't afford to pay for, for 50% of what you purchased it for? lol I am sure you get the picture, your still small so avoid his baiting, don't play his stock market leverage game, stick to what you know. That is precious metals and physical precious metals, play the game you know and you'll be fine, the key is knowledge in your area, you know physical metals well, and are attempting to open a store, stick with your plans, its a wise move and I personally believe your coin store will succeed.[/QUOTE]
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