Tilted Cat Head
Administrator
Location: Manhattan, NY
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thanks for your views and clarification.
greg.... this is why I wrote this in a different thread
Quote:
Originally Posted by Cynthetiq
Extra Extra!!!!! Investors are doing well in some sectors and markets!
Yep if you're got any oil holdings it's great!!! I'm glad that I have some in my portfolio! I can share in some of the wealth that the CEO has generated.
Lesson: Don't be an unskilled, uneducated worker, if you must save some money and invest it in stocks and bonds, not this frivilous "I'm going to invest in a computer..." kind of statement. Words and actions are important. Instead of squandering money on depreciating items and services, save your money even if it's $100 every year. Get in the habit of paying yourself first and and saving money.
Now some of you will say, "But Cynthetiq, how on earth can someone save money when they only get paid minimum wage?" Well, it's really quite simple, they somehow figure it out. They move to where the opportunity is better for them. They get skills that pay better. Last year overseas Filipino workers in the United Arab Emirates alone remitted $.5 billion last year and sent back an estimated $15 billion last year, Mexico reached an all time high of $23.98 billion last year. Understand what the remittances mean, they SAVED money and sent it back to their homeland. They still had to house, feed, and transport themselves to and from a job.
You reap what you sow.
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