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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Joe Copia who wrote (21627)2/19/2000 1:45:00 PM
From: Dwayne Hines  Read Replies (1) of 25711
 
Good Q & A for the Boiler Room set:
Thursday, Feb 17 2000 8:37PM ET
To: Joe Copia
From: Dwayne Hines
A question - You have a college student, having earned $5,000 or less per year, coming out of college and going to be earning $45,000 per year - for the next 40 years. At minimum that is close to $2 million. What would you advise them in order to handle this big jump in annual income?

Answer:
Friday, Feb 18 2000 8:11AM ET
To: Dwayne Hines (who wrote)
From: Joe Copia
First I would advise him to buy a house that he can afford and try to get a 15 year mortgage. Pay an extra $100 a month in payments and b4 you know it equity has built quite rapidily.
Other than that just live the way you normally do. Money does not (or should not) change a person. If it does it is time for a major reality check.
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