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  #21  
Old 09-25-2005, 12:39 AM
John Ho John Ho is offline
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Join Date: Jan 2003
Location: San Francisco, CA
Posts: 282
Default 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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  #22  
Old 09-25-2005, 02:26 AM
andyfox andyfox is offline
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Join Date: Sep 2002
Posts: 4,677
Default Re: Yawn....................More Smear Tactics by the Democrats.

"The Dems are scared they will lose another presidential election so they are trying to smear Frist who is a top Republican nominee."

If this is true, the Democrats are in even more trouble than anyone would suppose. Because Frist will make a terrible candidate. They should pray for his nomination.
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