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Tuesday, September 11, 2007 5:17:56 PM
here is a post that I saved it gives a simple explanation to what IMO may be happening with EFGO.
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Post.
My strategy was taken from a well known poster on I-hub. Below is the modified version:
All stocks are Junk!
If you lose money on a stock don't be surprised, sell it immediately, it's junk sell it!
If you make money on a stock, be glad you did, and sell it immediately, it's junk!
The average US worker earns a salary, pays taxes, and he/she gets to spend the rest. They think in terms of income and expense. They don't know the difference in an asset and a liability. Ask 90% of them and they'll tell you that their house is an asset. (Bankers perpetuate this misunderstanding).
The wealthy approach things completely differently. 1st of all they concern themselves with assets vs liabilities. Next, they spend as much income as they can, THEN they are taxed on the rest (hopefully ZERO if they are smart).
I say all of this because, while I have spent months here trying to explain this, I have also personally spoken to wealthy people who grasp the principles of a company building Assets vs Liabilities.
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