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TSXV:TNG - Post by User

Comment by dpocon Mar 05, 2015 4:25pm
132 Views
Post# 23494984

RE:Good luck

RE:Good luckJailhouse, Keep in mind that the pros, the insiders, and the odd retail investor make money playing the markets. The investment community will remind you that saving your dough is for suckers because of the very low interest rate environment versus the rate of inflation. They make a livelihood playing with your money. The real winners are the savers who end up with a wealth of property purchased with their savings. In Southern Ontario's Golden Horseshoe, most of the land is owned by post WW2 immigrants who worked real hard, saved their money and bought real estate. Most if not all came from agrarian cultures where people were honest, hard working savers. Getting rich from the stock market is an illusion except for the very few and the very lucky. The rest make it on inside information.
I love the timeless slogan from ING Direct (Tangerine Bank),"Save Your Money"! Then buy real estate.
P.S. One of my properties for which we never held a mortgage has quadrupled in value since 1996. The average value of a detached house in Toronto is worth a million bucks. The Venture Exchange should be treated like a 6/49 Lottery.
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