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Old 01-18-2005, 06:02 PM
elus2 elus2 is offline
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Join Date: Oct 2004
Posts: 15
Default Re: General wealth building vehicles & methods. (pet project)

make sure to check out this webpage if you're gonna be reading rich dad poor dad.

John T Reed's analysis of kiyosaki and rich dad poor dad

i think the problem with your analysis with regards to equity investing is that you're looking at it as a continued source of income. i prefer to look at it as a long term investment vehicle. by reinvesting dividends/capital gains back into the market you can take advantage of compounding your gains. to me investing in equities is the same as taking a passive role in business ownership.

so my strategy is to find ways to create a steady stream of income (poker, software programming, etc.) then reinvest the gains into equities and hope to squeeze out a decent return over the next 30 years.
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