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Money and Finances
Reply to "Investing the first $5,000"
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[quote=Anonymous]What's important is that you've started. You've decided to be a capitalist. Five thousand dollars is good place to begin your journey to wealth and comfort. You are asking the right questions and in time you'll accumulate wealth and knowledge. It's amazing that we live in a country where we enjoy the benefits of having a hybrid capitalist/socialist economy and yet so few individuals ever attempt to create wealth through capital accumulation. Identifying oneself as capitalist has almost become pejorative - very strange. Save money when you can, keep your head up and eyes open for opportunities when they appear, don't be swayed by individuals who lack your vision and insights, and finally don't quit when some of your investments fail Most investors successfull capitalists at one time or another have suffered serious financial losses. These events occurred as results of their own mistakes or simple market fluctuations. However the key to success is keep your dream alive. Get back up on your feet, dust yourself off and jump back into the game, the fray, and the work of accumulating super-wealth. Last week I heard Warren Buffett say that over the years Bershire Hathaway has on three different occasions lost 50% of its corporate value. So it seems even the Oracle of Omaha has less than stellar trading days now and then. Starting now with your five-thousand dollars and a keen interest in making it multiply you will one day live well as a successful CAPITALIST. [/quote]
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