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<p>[QUOTE="Brett_in_Sacto, post: 2157213, member: 71510"]The same can be said for the stock market and real estate. I've done well in all 3, and I've seen neighbors go broke while staring at the motorhome they bought with their re-finance money. </p><p><br /></p><p>But I've done well more often than not - understanding that a lot is speculation, and the success comes in studying and making small measured consistent moves. And making sure you don't have to make a move until you want to - knowing the potential losses.</p><p><br /></p><p>My best investment ever was a slot machine in Sparks Nevada that paid me a cool $21k on a $200 investment. Just a touch of speculation on that one. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>To make money in any given market, I have my "bus ride" postulate.</p><p><br /></p><p>When the bus is empty, you get a cheap ride and can choose the best seat in the house. As the bus fills up, the price of seats rises - and selection becomes smaller - until everyone is bidding for the best seat on the bus - until they realize that the price of the seat really isn't worth it anymore and prices start to stagnate.</p><p><br /></p><p>At that point your best move is to sell your seat first - and watch as others follow trying to get off the bus before the crash. Pretty soon the price of seats goes down, the selection increases and the bus is offering deals for anyone to hop on and ride.</p><p><br /></p><p>Two things to learn from this postulate:</p><p><br /></p><p>1. Don't be a follower - be a leader. To do this, you should study the market and know what you are doing - making a conscious move.</p><p><br /></p><p>2. It pays to be the middle-man. The bus driver was quietly getting paid commission for every transaction along the way.</p><p><br /></p><p>Good hunting to you all, and enjoy your Memorial Day weekend! Remember all of those that made all of this possible for us![/QUOTE]</p><p><br /></p>
[QUOTE="Brett_in_Sacto, post: 2157213, member: 71510"]The same can be said for the stock market and real estate. I've done well in all 3, and I've seen neighbors go broke while staring at the motorhome they bought with their re-finance money. But I've done well more often than not - understanding that a lot is speculation, and the success comes in studying and making small measured consistent moves. And making sure you don't have to make a move until you want to - knowing the potential losses. My best investment ever was a slot machine in Sparks Nevada that paid me a cool $21k on a $200 investment. Just a touch of speculation on that one. :) To make money in any given market, I have my "bus ride" postulate. When the bus is empty, you get a cheap ride and can choose the best seat in the house. As the bus fills up, the price of seats rises - and selection becomes smaller - until everyone is bidding for the best seat on the bus - until they realize that the price of the seat really isn't worth it anymore and prices start to stagnate. At that point your best move is to sell your seat first - and watch as others follow trying to get off the bus before the crash. Pretty soon the price of seats goes down, the selection increases and the bus is offering deals for anyone to hop on and ride. Two things to learn from this postulate: 1. Don't be a follower - be a leader. To do this, you should study the market and know what you are doing - making a conscious move. 2. It pays to be the middle-man. The bus driver was quietly getting paid commission for every transaction along the way. Good hunting to you all, and enjoy your Memorial Day weekend! Remember all of those that made all of this possible for us![/QUOTE]
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