DudleySmith
Diamond Member
- Dec 21, 2020
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One thing that you need to realize is that I am a person who lives, breathes, and makes decisions based on data, statistics, and facts. I have done that all my life and it has served me well. As such, I am NEVER led or convinced by emotions and fantasy worlds.
Evidently you are the opposite of me and that is fine if it works for you. I wish you the best but one thing I have learned in my life (the hard way) is that fantasy and opinion will cause much damage and following (and understanding) the reality of things will bring benefits.
I still remember that in 1980 I was fantasyzing about getting rich in the market. For the previous 3 years, my clients had all gotten rich (for example, one client invested $25,00o in 1977 and by the end of 1979, he had made $1.5 million in profits. During that same period of time, the company I was working for did not allow me to invest (I was a salesman and had no permission to put my own money in).
When I left and went to another company, I could invest myself, and given that my clients had made all that money in the 3 years before, I thought I would also make that kind of money. Instead and because things changed (the Fed raised interest rates 2% at one time), the $175,000 I had put into the market went "poof". At that time, I had no evaluating-of-the-data-statistics-or-facts experience but I was 100% convinced that I would make money doing the same as I had done for my clients the previous 3 years. I was proven wrong and it was PAINFUL and changed my life for several years until I was "taught" how the evaluate the data, statistics, and facts. When I learned how to do that everything from then on worked well.
Simply speaking, I will not listen to your (or anyone else's) ideas. I evaluate everything MYSELF and come up with my own evaluations of the facts involved. Have I always been right? No, not always but certainly most of the time I have been right and that is what I now follow.
Good luck with your fantasy. One piece of advice, "be emotionally prepared for when reality comes knocking on the door:.
lol more stupid fantasy screeds. Anecdotal stories on the innernetz, and then citing yourself in some appeal to authority, based on some stupid bet you made or other. Obviously 'rationalism' isn't your strong suit.
And you can't distinguish gambling from 'investing' either. Hilarious.