FormerXBC Inc XEBEQ

RE:RE:RE:I now own 1.2 million shares of Xebec

[Resilience19]

Well done @Winston. With great risks come great rewards. Requires conviction and cojones. Cheers.

Winston1 wrote: I recently closed on the sales of 2 of my investment properties, so used some of the proceeds of those sales towards share purchases of not only Xebec, but also towards my blue chip dividend paying stocks.

I'm not an employee that works a 9-5 hour job, nor am I a business owner. I'm a real estate and stock investor. I value money just as much as anyone else, but I take big risks. Without the big risks that I've taken, I would not have reaped the rewards. 

I took huge risks in 2008 when the real estate market and stock market were crashing. I used leverage and bought properties and shares of companies that nobody else wanted at fire sale prices, so although I haven't exchanged hours of labour for a wage the past 14 years, I think I've earned my money just as much as any employee or business owner has.

On a personal note Babe, I do enjoy reading your posts, and I think you offer fair and balanced ideas. 

babedinkleman wrote: Seems excessive......but who knows it might work out.  I'm guessing you are into this for about $1.8 million now with a $1.45 average? I think you said before this was 20% of your portfolio when you had 750,000 shares so I'm guessing now it must be 30%?  Inheritance money?  No offence I just say that because often people who invest this way didn't 'earn' said money as they don't value money the same way as someone who did.