#17
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Re: Yawn....................More Smear Tactics by the Democrats.
Millionaires wipe their asses with 9%?? Are you kidding me? The S&P 500 does about 9% a year over inflation over the long run. So this hypothetical "rich guy" doesn't care about a whole year's return on 1 trade.
You guys need to learn about investing. 9% is a lot in ANY investment. No wonder poker players make bad investors. Read Barry Greenstein's book Ace on the River there is a part on poker players and investing. Looks like he has it nailed down tight. Do yourself a favor. Find a website (like www.bloomberg.com) that can tell me how an investment will grow over time for a particular rate of return. Take $50,000 and plug it in for 20 years at 10% a year compounded return. Then write that last number down. Now take that same $50,000, plug in 20 years, and make the return 19% a year (adding this supposed 9% millionaires don't care about). See the difference....only a MORON doesn't care about a 9% return on investment. [ QUOTE ] Have you guys ever heard of a blind trust... 9%... what a joke... Millionaires (especially those who trade $100million blocks of stock) wipe their ass with 9%. Atleast 400 retirees didn't loose their life savings and/or people involved with the transaction aren't ending up dead... White-water anyone [/ QUOTE ] |
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