Been banking that cash hard !

[SolidusXParticipant 854]

@darkryu Sure stocks can go to zero and you could lose it all if you are dumb and don’t pay attention to where your money is going or what the companies are doing. That is why they have stop loss orders (an order that sells all or some of the shares at a certain price point if things slide). A house or any structure in general is always a negative asset if you look at it from the whole picture (upkeep, property tax, damage, mortgages etc…) the only thing that is actually worth the money is the land. I prefer to own something that pays me dividends every month, that I can sell on a moment’s notice with a single mouse click if it starts to lose value, than trying to sell off a physical asset that takes lots of time, energy, and paperwork to get rid of in a crashing market.

Now I was going to educate you on your 500,000k house idea and how stocks are actual ownership of the company it’s issued for but looks like @beer has already done that… If there ever is an economic collapse I will be quite happy to unload all my stocks in a fraction of a second and may lose a few percentage points of value. FYI where do you think pensions and social security come from?

Anyway whatever investment decision anyone makes its best to get all the REAL facts about it from many different educated sources of information and then go with what your budget and long term goals can afford. I am a bit biased towards stocks and dividends as it offers me maximum profits for hardly any work or real risk to myself. Best of luck to yeah all.

Knowledge is power..... Don't waste your brain on bullshit

[Author]

Posts