/biz/ - Business & Finance

alright boyyos in your honest opinion- in the currrent year and climate- what is the best, number one way to increase your wealth?
inb4 me breaking rules it is a discussion about the diversity of thought of making it

>>18699575
Most people call themselves investors, when if fact they are speculators (i.e. gamblers). Even the professional hedge fund managers and finance journalists who are supposedly “in the know” get it wrong extremely often.

If people suddenly reframed their thinking from, “if I buy this thing and hold onto it, I’ll be a millionaire!” to “I’m now a small owner of this company and have a vested interest in its health and success.” I think people would allocate their money much more intelligently.

>>18429267
Yes, you have to pick your own entry point. You’re getting a good deal on any of them right now, but you have the potential for a great deal if you wait a little bit.

Also, just because a stock is cheap doesn’t mean it’s a great deal. For example, Chesapeake is pennies...but here’s a little insider tip - they hired bankruptcy advisors back in February. Lawler is just biding his time until he can get his sweet golden parachute. CHK is dead, banks and other companies are gonna scoop (pun intended) up their assets for pennies on the dollar.

>>18377982
That's what I'm literally waiting for. I want a nice comfy house with 2+ acres, preferably 5 and the prices are still too damn high.

Post your "made it" house that you will buy yourself for Christmas this year, once you cash out at the peak bull of 2020.

For me it's indawoods by the lake for maximum comfy and adequate isolation.