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Re: tmob post# 26417

Friday, 01/29/2010 8:41:59 PM

Friday, January 29, 2010 8:41:59 PM

Post# of 83395
A friend of mine told me that bascially all stocks that are traded except for very few are way over priced and the actual value of the shares is far below the price they are traded at.

He made some serious money a few years ago trading higher priced stocks....around $160,000 in 6 months....he eventually lost about $20,000 grand and all he focused on was losing the 20...I tried to tell him that he still made $140,000 but he said he did not look at it that way....

I did contract work for this guy....He would routinely argue about a few hundred dollars on an invoice.....

He would say....times are hard...we are in a recession....

His net worth....about $4,000,000 and some change....(!)

Let us all strive NOT to end up with this kind of outlook on life..(!!)